31 Oct 2024 18:04

Russia's Rostec expecting revenue from sales of innovative products to double by 2030

NOVOSIBIRSK. Oct 31 (Interfax) - Russia's Rostec is expecting annual revenue from sales of innovative products to reach 2.3 trillion rubles by 2030, Rostec manager for innovative development projects Viktor Slavyantsev said at the Golden Valley research and production forum in Novosibirsk on Thursday.

"By 2030, our revenue from innovative products is expected to reach 2.3 trillion rubles, which is twice as much as in 2023 when it was 1.168 trillion rubles," Slavyantsev said.

Hence, Rostec will fulfill the national objective of technological leadership, which provides for increasing this indicator by 1.5 times, he said.

About 150 Rostec entities are conducting scientific research, with corporate R&D allocations accounting for 7%-9% of the overall spending, Slavyantsev said.