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22 January, Friday

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Pump production plant will be built in Blagoveshchensk

Economy/Business

A plant for the production of industrial pumps and equipment for handling bulk materials will be built in the priority development area (PDA) "Blagoveshchensk". This was reported by the press service of the Ministry of Economic Development and Investment Policy of Bashkiria.

For the implementation of this investment project, the FNB Technology company intends to allocate 261 million rubles.

The investment project is planned to be implemented until 2024. 102 new jobs will be created in the region due to it.

The FNB Technology company became the 71st resident of the Bashkiria PDA registered by the Ministry of Economic Development of Russia. The total investment of these companies is about 35.2 billion rubles. In case of successful implementation of projects, 6.7 thousand jobs will appear in the republic.

PDA residents can apply reduced tax rates, insurance payment rates, and other federal and regional preferences.

/translated by Tatiana Aksyutina
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