How to take Russia out of its pre-industrial era and put in on the path to development?

• Russia’s pre-industrial era: the Russian machine engineering sector has virtually no presence on the global market and Russian companies are not comparable to world leaders in terms of size; less than a fifth of machine engineering output is exported and product export volume on the whole is insignificant
• To facilitate sustainable development the country needs to develop its industrial sector
• Machine engineering is a priority industry due to its high importance for developing a competitive and innovative economy
• A developed machine engineering industry is an essential contribution to increasing productivity
• Machine engineering will have the largest multiplier effect on other industries and stimulate growth of the service economy
• Modern production is a key source of demand for innovative and talented individuals
• Russia has all the prerequisites for developing its processing industry: Russia is bound to generate strong demand for engineering products; Russia’s potential as an industrial superpower has been confirmed by the CEOs of the world’s largest companies…
• The role and possibilities of financial institutions with regard to developing the industry