The head of the industry development Fund Alexey Komissarov — the creation of new production facilities in Russia
Photo: press service of FRP
The head of the industry development Fund (PDF) Alexey Komissarov in conversation with the correspondent of “Izvestia” Maria Todorova told about the unique production will appear in the coming years in Russia thanks to the support of state institutions and how much money you can get domestic manufacturers on the development this year.
— What do you consider the main achievement of your Fund within two years of its work?
Is 20 new productions that were opened by the loans to FRP. One of the major problems faced by industrial enterprises is limited access to cheap and long money. Fond just this access provides: we give loans at 5% APR for up to 5-7 years. We have funded 134 projects worth 35 billion rubles. Despite the fact that two years ago we started from scratch: there were no documents, no procedures, no crew.
But most importantly, we have managed to make it work PDF open and transparent: anyone can go to our website and see exactly to the penny, issued what loans, for what purpose and what this company is. Industrial plant within a few hours to fill out an application on our website without any documents. This is the first stage, so we made sure that the project fits our basic requirements. The answer we give for 5 days. If the answer is no, we say why. The company may adjust the application and submit again. Next, we ask have all the documents in electronic form. The originals only after the approval of the project when preparing the loan agreement.
The final decision is made by an external independent expert advice. It consists of representatives of business, banks, and professionals in the analysis of investment projects. This allows you to make objective decisions.
— Discussed the initiative to establish a reserve Fund in case of defaults…
— Yes, there is such idea, it is discussed, but decision yet. Unlike banks, we do not earn credits. All interest, which are received by the Fund are fully on new loans. We talked about the establishment of a reserve Fund from funds we receive from interest or from penalties, overdue payment.
The businesses that we support. while there was not a single default. Of course, since we are talking about business, the risk exists that some companies may face challenges in the implementation of projects, but still pay all the payments on time. While our borrowers pay only the interest. The loan will be paid in 2018, according to our terms of the first two years of project implementation delays.
In 2016, received the Fund for the interest expense? How much is planned to issue loans in 2017?
— More than 1 billion rubles received from percent in 2016. Plus another 1.5 billion rubles from the interest that will arrive this year. 800 million roubles we have received from the budget this year. Still waiting on the capitalization of 17.4 billion rubles. Dmitry Medvedev spoke about this in January. It turns out, more than 20.7 billion rubles will be used for new loans in 2017.
— When do you expect to receive the promise of 17.4 billion roubles?
— In the spring.
— The Soviet Union has been a driver of the global industry, a lot of equipment was exported to other countries, and during the 1990s, the situation has worsened. As the situation looks now?
— The Soviet Union occupied a major share in the world production of machine tools — second place after the United States, in the 1990s this fell to a few percent. Now the situation is changing for the better, including through our special program that is on more favorable terms than the software industry. We give money for 7 years and on advantageous terms.
— How many companies have used the program?
We made loans to four projects worth 1.3 billion rubles. But this program is new, is less than a year. And there was a limit on funding. Now we canceled.
— In what sectors you can mention the successful projects that helped not only Russian industry but people?
— We support knowledge-intensive, technically complex projects, important to other industries: oil extraction equipment, automotive components, generators for energy. But we have a lot of projects that produce consumer goods. For example, batteries for vehicles in the Samara region, whose characteristics are higher than those of Western manufacturers. Manufacture of footwear, hygiene.
We have several projects for the production of endoprostheses. This will solve problems for many — will reduce costs and streamline operations for joint replacements: hip, knee. The production of high-tech and very important, is for people.
We supported the project on manufacture of portable defibrillators. This is a unique story. This defibrillator is not only small in size, but also determines the degree of discharge to give. That is, does not require high qualification for medical treatment. It can be used in subway, public transportation in order to save lives.
— In Russia, a lot of imported drugs. Fund the production of drugs support?
— In recent years, this situation in connection with the attention of the state change. Among our already open-source projects — the production of drugs for the treatment of diabetes, allergies, ulcers, epilepsy. And some of these products will go not only on Russian market but also for export. Mainly in the countries of the former Soviet Union, Vietnam, Mongolia, Afghanistan. All FRP has funded 20 projects in medicine and pharmacology for a total amount of 6 billion rubles.
Funds of the Foundation are stimulated not only by the manufacturers of the final drugs and pharmaceutical substances. This generally a big problem in the country — ahead of pharmaceutical companies mainly engaged in the production of foreign substances. And their production has an effect in the development of science and related industries. For example, the company’s products from the Irkutsk region will allow to abandon the purchase in the foreign market the main substances for drugs for the treatment of tuberculosis, oncological diseases.
Projects under your support, though small, but any interest paid. How does this affect the final cost of products?
— Most businesses, as you know, appeals to the banks to start proceedings. Our loans are much cheaper than credits in banks. That is, our cost of loan not just allows you to run production, which otherwise would not be started, because it would be unprofitable, but also has a positive effect on the final cost of production.
— What are PDF plans for 2018?
— While fixed plans for the financing of the Fund, but in 2018 will start repayment of loans of the body, not percent. I think in 2019 we will be able to reach self-sufficiency: to issue new loans due to the return of the old without injections from the budget.
The Foundation recently increased the amount of loans major programme to 500 million rubles. Some more changes are coming?
Last year began the process of creating regional development funds industry, and this year they are already working — is now 23. These funds neither we nor the Ministry of industry and trade do not obey, it is independent of structure — money of the regional budgets. They cover 30% of the loan, we will co-Finance 70%. We also fully train them, share expertise, all experiences.
— In which regions the funds will be open this year?
— It is expected that in 2017 they will open not less than in the past. In the near future the funds will appear in Moscow and Samara region.
The industry development Fund founded in 2014 on the initiative of the Ministry of industry and trade of the Russian Federation by transforming the Russian Foundation for technological development. His target — the modernization of Russian industry, organization of new industries and import replacement.
For the implementation of new industrial projects, the Fund on a competitive basis, provides targeted loans at the rate of 5% per annum up to 7 years in the amount of from 50 to 500 million rubles.