Borisov suggested that the defence companies to go public to attract investment

ECONOMY

KRASNOYARSK, July 28. /Basereporter.com/. Deputy Prime Minister Yuri Borisov offers the enterprises of the military-industrial complex of Russia to issue securities and enter the stock market to attract private investment.

“Companies abroad issue securities and go public. For us [it is] only the beginning. Few Directors of enterprises [OPK] thought on this, but there comes a time when we must think seriously about it,” – Borisov said at a meeting in Krasnoyarsk NPP “Radiosvyaz”.

He also urged to increase the share of civilian products manufactured by defense companies. Last year, the average load percentage of the business of civil products was 17.2%, he recalled. Thus, according to the instructions of the President of the Russian Federation, by 2025, the figure of civilian products should be at least 30%, and by 2030 at least 50%.

“We have the opportunity in high-tech markets to raise the level of civilian production. We have opportunities in the field of medical technology, transport engineering, energy,” – Borisov said, citing as a positive example of the state Corporation “rostec”, where the average civilian production is 27%.

“To create a market demanded product, you should use the most modern technology. The technical level of enterprises today is quite high, enterprises over the past decades seriously been personalility,” he added.

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