SME Corporation with the support of the regional leasing company of the Republic of Tatarstan provided 74.7 million rubles to Togliatti Cable Plant. As the corporation explained, the funds will be used to purchase additional equipment.

It is supposed that within the frames of the agreement 7 equipment units for cable and wire production will be purchased. It will enable to increase production volume from 3 thousand kilometers a month to 8 thousand kilometers a month.

The total project cost is estimated at 92.7 million rubles.

Alexander Isaevich, General Director of the SME Corporation, noted that the corporation plans to increase financial and non-financial measures and volumes of support for entrepreneurs.

"This will make an important contribution to the development of small and medium-sized businesses, the implementation of national and federal projects to support entrepreneurship. Improvement and development of business support measures, including leasing support, is carried out in close cooperation with entrepreneurs and enables us to make the Corporation's services as relevant to the market as possible," he concluded.

Made in Russia // Made in Russia

Author: Maria Buzanakova