24 investment projects with a total investment of 147 billion rubles are approved for inclusion in the state program "Social and Economic Development of the Far East and the Baikal Region"
There are four new production projects of the republic among them: creation of a timber processing complex (investor - GAU ‘Yakutlesresurs’ State Autonomous Institution), construction of a ceramic brick factory (investor – OOO ‘Vozrozhdenie’), production of suede and collagen from reindeer skins (investor - JSC Financial and Agricultural Concern ‘Sakhabult’), creation of a jewelry and granular cluster in the ‘Kangalassy Industrial Park’ Advanced Development Zone (investor – OOO ‘SEYBIEM’).
"These are investment projects that will be implemented exclusively through private investment. There is no federal funding for them. At the same time, we expect that the inclusion of these projects in the state program will allow business to get better administrative support, to raise the status for attracting additional investments in projects. Minvostokrazvitiya (Ministry for Development of the Russian Far East) already carries out such work," said Deputy Prime Minister - Plenipotentiary of the President of Russia in the Far Eastern Federal District Yuri Trutnev.
As explained by the General Director of State Autonomous Institution of RS (Y) ‘Yakutlesresurs’ Vadim Novikov, the institution initiated the project of creating a timber processing complex in the Aldan district. "The project is in the pre-project phase, there is a business plan, a forest inventory was carried out in the upper Amga area, according to which the annual cutting area is at least 5 million m3," he commented.
Yakutia has a huge potential for the development of the timber industry - the prescribed annual cut for logging in mature and overmature forest stands in the republic is more than 30 million cubic meters per year. The head of the republic, Egor Borisov, believes that the pace of development of the republic's economy, and in particular of the industrial sector, today allows us to seriously think about the exploitation of a rich forest resources base in the region. New projects on timber processing will significantly increase the return to the budget, create new industries with high added value and jobs.
To date, economic policy instruments related to the simplification of administrative regimes, tax preferences, infrastructure construction have shown their results. Now the task is to create the most effective conditions for doing business in each of the directions.