“Rostec” will spend 70B RUB for innovation products development

The State Corporation “Rostec” plans to direct almost 70B RUB for innovation products development since 2013 till 2015 years, informed the Chief of the corporation Sergey Chemezov.

“Rostec” plans to direct almost 70B RUB in the period 2013-2015 in RnD and development of innovation products. The result of these capital investments should become implementation in manufacturer of new technologies and creation of goods and services, corresponding to global level or exceeding it”, - said Mr.Chemezov.

According to him, the development of new production types, and also conduction of scientific-investigation and research-and-development works will become one of priorities of the “Rostec” investment activity in 2013-2015.

In accordance to the corporation plans, a share of innovation products in the total sales volume should grow since 18% in 2012 up to 34.4% in 2020. In order to provide the stated growth, the “Rostec” plans to annually invest in the RnD more than 10% from the earning.