04.07.2024, Moscow.
Russia needs a new industrialization: large-scale projects lasting 10-20 years are needed to achieve technological sovereignty in radio electronics, chemistry, machine tool construction, and unmanned technology, Vasily Osmakov, the first deputy head of the Ministry of Industry and Trade of the Russian Federation, said in an interview, RIA Novosti wrote on July 4.
According to Osmakov, “The essence of industrial policy, in brief, is to complete those critical production chains that are necessary to ensure national security and growth of citizens’ welfare (through increased economic efficiency).”
He also emphasized that until 2022, when Russia was fully integrated into the global market, this task was successfully accomplished by importing missing items. However, now, under the new conditions, Russia cannot afford it. The level of technological self-sufficiency must be different. This requires a full-fledged new industrialization.
“Under this program, large-scale projects will be launched, which may not pay off for business in the short term, but will be of great importance for the country’s technological sovereignty. We are talking about the creation of entire industries, such as radio electronics, chemistry, machine tool construction and production of unmanned aerial vehicles,” Osmakov emphasized.
The deputy minister explained that creating full-fledged industries implies their ability to self-development and continuous improvement. It is not only about launching factories that assemble cars from ready parts but also about the creation of design bureaus and establishing links with suppliers who will provide the product with value-added components. According to the official, this is the new industrialization.
Osmakov noted that in the 1990s, much of the Russian economy was focused on rent extraction rather than on creating real competition with the West.
He concluded by saying, “It was profitable for the West to see Russia as an economic ‘semi-colony’ and its resource and raw materials appendage. But we are striving for a new industrialization to become a real competitor and form self-sufficient industries within our economy.”
Source: Rossa Primavera News Agency
