Russian program to develop auto components worth 200 bln rubles over 10 years - ministry
MOSCOW. Nov 3 (Interfax) - The program to provide grants for the development of automobile components manufacturing in Russia that the Industry and Trade Ministry plans to launch with the Industrial Development Fund (IDF) next year will be worth more than 200 billion rubles over ten years, Deputy Industry Minister Alexander Morozov said.
There are plans to cofinance projects to manufacture components for automobiles, farm machinery and construction and road machinery in Russia's regions, Morozov in an interview with business daily Vedomosti published on Tuesday.
"The selection of grant applications will be done on a competitive basis. We will create a special technical board that will handle this. The share of state support will amount to about 30% of the total amount of investment in the project. The overall budget, including the actual manufacturers' investments in this program, is estimated at more than 200 billion rubles over ten years," Morozov said.
Support might be provided to projects to manufacture components for transmissions (gear systems, motor wheels, batteries), computer vision technology (radars, lidars, video cameras), as well as projects related to passenger safety (active and passive safety systems, various sensors), he said.
"Technological solutions for automobiles that run on hydrogen are also a subject of the auto components development program, and much else," Morozov said.
