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State to support only successful enterprises in international market: A.Rau

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by October 6, 2016 Legal

A. Rau noted that the industrialization program effectively influenced the development of machine-building complex.

“Over the years of the first five-year program of industrialization, engineering became one the most dynamic sector: the volume of production increased by 2.4 times – from 376 billion tenge in 2010 to 905 billion tenge in 2014. During the first five years, the number of Kazakhstan companies in engineering industry increased from 1 400 to 1 900. About 90 thousand people are employed,” he said.

According to him, the domestic machine-building business has matured only at the beginning of the 2000s. And since this industry is a priority in the framework of SPAIID, it certainly got adequate support from the state.

In addition, the country has begun export credits, due to which locomotives are exported in Tajikistan, Kyrgyzstan, Azerbaijan. A. Rau assured that money for export credits was put in Development Bank of Kazakhstan and this program will be extended to the auto industry in the future.

“There are unlimited opportunities for domestic enterprises, which are, in fact, prepared to export their products in the framework of the Customs Union. It is necessary to understand that to win the competition in domestic market, it is necessary to demonstrate competition in the external market,” he added.

A. Rau noted that the Head of State improved state program of industrial-innovative development of Kazakhstan on September 6, 2016.

“Therefore, indicators reduced to three components: the first is labor productivity, and the second is export, the third is saving. Those businesses that meet these requirements, receive state’s support and get export and grant funding, that is only those companies will be funded which are successfull in foreign markets,” A. Rau concluded.

Source: The Prime Minister of Kazakhstan

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