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IT-Sector and Industry Got Special Attention in the Investment Declaration of the Vladimir Region

The document describes the successes and points of growth of the regional economy

The investment declaration was approved in the Vladimir region. The 24-page document, signed by Acting Governor Alexander Avdeev, was published on the website of legal information. The most attention in it was paid to industry. It is called the backbone of the economy:

“The share of industry in the gross regional product is about 40%, the enterprises employ almost one third of those employed in the economy, more than one third of the fixed assets of the region are concentrated here. The share of high-tech industries in the region is 25.4%, and the region ranks third in the CFD according to this indicator”.

The most promising industry is information technology. This segment, however, ranks low in terms of both the number of people employed in it and the number of companies. Trade, small business and agriculture received significantly less attention, although the village accounts for 4.8% of investments in the region (the IT sector – 4.3%).

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The document refers to the provision of the region with roads, railways and even waterways. Roads without asphalt account for 30% of their total length, but a potential investor is unlikely to use them:

“The network of highways on the territory of the region is more than 16 thousand kilometers, 70% of them are paved. There is no hard surface mainly on public roads of local importance”.

Numerous regional sites are suitable for the construction of new enterprises, some of which are located on the territory of single-industry towns, some are occupied by the territories of stopped factories:

“There are four industrial parks in the region: “Kameshkovo”, “Oka”, “Strunino”, “Stavrovsky” and one industrial technopark “IKSEL”. There are 250 investment sites in the region, including “ITKOL” on the territory of “Tochmash” plant, “OSVAR” and “Vorsha”. Special economic zone “Dobrograd-1”.

In a number of areas the Vladimir region is a leader or even almost a monopolist in Russia:

“The region produces 93.2% of all fiberglass produced in Russia and 44% of products made of this material, 93% of glass vessels, 55% of mattresses, 32.6% of switches.”

The document presents the structure of the gross regional product:

  • 34.22% – manufacturing;
  • 12.27% – real estate operations;
  • 11.92% – wholesale and retail trade;
  • 4,4% – construction;
  • 4.8% – transportation and storage;
  • 3.4% – agriculture, fishing and hunting.

As well as the distribution of investment by industry:

  • 31.9% – industrial production;
  • 23.5% – social sphere;
  • 6.8% – trade;
  • 3.8% – science;
  • 3.8% – energy.

In the Vladimir region at the beginning of 2022 there are 87 registered companies in the IT-sector. The White House considers software development to be the most promising. Vladimir company “Inreco LAN” is among the leading software developers in the world, the document says. It also says that the authorities intend to create an IT cluster in the region, which will “unite”:

“A serious step in the development of the region’s IT industry will be the creation of an IT cluster, an association of complementary and unifying organizations.”

The declaration says that the IT-industry in the region, unlike other industries, there is no technological lag:

“The advantages and development prospects of the regional IT industry are easy access to global markets, high replicability potential and low variable costs, frequent change of paradigm, there is no lag as in other sectors of the economy.”

In order not to give the reader the impression that this statement implies that there is a technological lag in other industries, the authors literally two paragraphs below write about the development of the regional economy as a whole:

“The Vladimir region has a developed competitive economy”.

The nature of the document suggests that it was compiled from several reports by compilation. There are repetitions of contradictions. For example, one of the pages talks about 25% of science intensity:

“The share of industry in the gross regional product is about 40%, enterprises employ almost a third of those employed in the economy, more than a third of the region’s fixed assets are concentrated here. The share of high-tech industries in the region is 25.4%; according to this indicator, the region ranks third in the Central Federal District”.

Two pages later, the same indicator is already showing growth:

“According to statistical data, the share of products of high-tech and science-intensive industries in the gross product of the Vladimir region is about 27%.

The declaration informs that the investment attractiveness is managed by a team of professionals headed by the governor:

“The investment team of the Vladimir region is a team of professionals with experience, competencies in the field of investment and responsible for decision-making within the authority.”

According to the forecasts in the document, by 2024 the average salary in the Vladimir region will increase by 27.8% against 2020 and will amount to 45,038 rubles. It is not known whether this forecast was made before the end of February or afterwards.

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