SOYUZLEGPROM: Financing of Apparel Industry leasing programs should be increased

03.12.2021 г.

The Russian Union of Entrepreneurs of Textile and Apparel Industry (SOYUZLEGPROM) sent applied to the Ministry of Industry and Trade of Russia with a proposal to increase government subsidies for leasing programs for enterprises in the textile and apparel industry.

This type of support is aimed at the innovative development of technologically complex industries that require expensive equipment, and is a serious incentive for the development of industry business.

“2020–2021 turned out to be difficult for the entire economy of the country, and light industry was no exception,” the appeal says. - The drop in consumer demand for many companies has become an incentive to search for new solutions aimed at maintaining production and staffing. It is thanks to government support measures that many companies, despite the crisis in consumer industries, intend to continue investing in capacity development and launch new products on the market. "

Thanks to government subsidies, companies do not have to allocate large amounts of working capital for the purchase of equipment and manage to timely calculate financial models for further business development. As a result of the implementation of projects, the production of import-substituting products is being mastered, the revenue of organizations is increasing, new jobs are being created, tax payments to the budgets of all levels are increasing.

60f23fc29d88871f185fa32ac2fe93b4.jpgAccording to the Ministry of Industry and Trade of Russia, this year the federal budget provided 755.595 million rubles for these purposes, while as of early November, Russian leasing organizations applied for a subsidy from the federal budget in the total amount of 2 billion 273.3 million rubles. ...

The Ministry of Industry and Commerce has provided for a partial additional increase in subsidies this year. However, the total amount of appropriations is insufficient, and this may lead to the disruption of the modernization programs that have begun, which will negatively affect the further innovative development of the industry.
In this regard, SOYUZLEGPROM appeals to the ministry with a proposal to increase financing of leasing programs this year in a volume that will fully meet the needs of textile and light industry enterprises.

Government support measures for the industry are traditionally one of the key topics of the INTERFABRIC exhibition business program. At the spring forum, which will be held within the framework of the "Russian Week of Textile and Light Industry" from March 14 to 16, 2022 at the Expocentre Fairgrounds, this issue will be on the agenda of the opening panel discussion "Textile and Apparel Industry in Russia: Work of the Industry in the Renewed reality ".

The event will be held with the participation of the heads of the relevant ministry and sectoral departments.

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