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MIL OSI Translation. Region: Russian Federation –

The investor will allocate two billion rubles for its creation.

A complex for the production and repair of footwear will be built in the Vostochnoye Degunino area. This was announced by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov… The corresponding decision was made at a meeting of the City Planning and Land Commission of the city.

“The new production will appear in the Vostochnoye Degunino area on Dubninskaya street. The investor will build an administrative and production center for the manufacture, storage and minor repair of footwear and leather goods. It is planned to invest two billion rubles in the new facility and create about a thousand new jobs on it, ”said the Deputy Mayor.

The investor is a company that has been operating on the Russian market for over 20 years. She specializes in the sale of footwear and leather accessories. Today, it has more than 100 retail stores across the country.

The total area of ​​the new complex will be over 67 thousand square meters. Thanks to its opening, the investor will be able to expand the business and create new jobs, said the head of the capital Department of Investment and Industrial Policy Alexander Prokhorov

“Both a Moscow company and a company from another region can receive assistance in localizing production in the city. For this, you need to contact the Department of Investment and Industrial Policy of Moscow,” he added.

Industrial-scale investment: how Moscow supports new production

Since 2016, a special program has been in place in the city to support existing efficient industrial enterprises, technology parks and new investment projects in the real sector of the economy. It lies in the fact that companies that actively invest in their own production and create high-paying jobs can obtain the status of an industrial complex, a technopark, an anchor resident of a technopark, and new projects – the status of an investment priority project. This allows businesses to significantly reduce the regional tax burden. Over the past five years, industrial complexes alone, which employ more than 64 thousand people, have invested 33.2 billion rubles in production.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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