Fixed investment must increase to 25% of GDP - Putin
MOSCOW. May 26 (Interfax) - Investment in fixed capital must reach 25% of GDP in as soon as possible, Russian Prime Minister Vladimir Putin said.
"This is not an impossible task - we already have 19.5%," Putin said at the first Social Business Forum in Moscow.
"I am talking about primarily private investment, both Russian and foreign," he said.
"We need to use our objective competitive advantages wisely. We have enough of them. Other than highly dynamic economic growth, Russia also has a large domestic market with an ever-growing guaranteed demand," Putin said.
Foreign business people and investment funds will be increasingly keen to work in Russia, he said.
"An objective indicator of the investment attractiveness of the domestic market is a successful IPO [initial public offering] by our leading companies, both large and medium-sized," Putin said in reference to industries such as pharmaceuticals, mechanical engineering, the food industry, construction, energy saving and transport infrastructure.