By 2020, Roselectronica, Russia’s umbrella company for national radio electronic assets, is planning to invest more than $6.7 billion in innovation and modernization, the Roselectronica press service announced last week
About $2.8 billion, or 41% of the overall funds allocated, will go towards the diversification of companies in the holding and their entry into high-tech civilian markets.
Roselectronica’s seven-year program calls for a major step-up in R&D, technology upgrades, engineering renovation and a substantial boost in domestic radio electronic production’s energy efficiency and eco-friendliness. The program also includes the setup of the holding’s own innovation infrastructure and an increase in staff training and labor efficiency.
Roselectronica will cover the program costs from its operational proceeds, the company’s press service underscored.
The investment will be used, among other things, to develop and manufacture new microwave electronics and materials; new communications systems and special-purpose control systems; industrial electronics, advanced IT and telecom solutions; security systems; and medical and microwave scanning equipment.
Roselectronica was created in 2009 on the basis of an older government-owned holding company with the same name, established in 1997 to consolidate and turn around companies in Russia’s radio electronics sector.
