The authorities of Tatarstan approved the investment memorandum for 2023-2025

The government of Tatarstan has approved an investment memorandum for 2023-2025. The corresponding resolution was signed by the Prime Minister of the Republic Alexei Pesoshin.

The document is aimed at increasing the efficiency of interaction between participants in investment activities and achieving the strategic goal of socio-economic development of the Republic of Tajikistan until 2030.

The memorandum also defines 25 priority areas for the investment policy of the region in 2023–2025. These include support for entrepreneurship, cooperation with the regions of the Russian Federation and foreign partners, the development of electronic commerce, the implementation of large high-tech projects in the field of mechanical engineering and petrochemistry, as well as import substitution, food security and the development of the digital economy.

To achieve these goals, it is planned to develop infrastructure for business, including SEZs and industrial parks, the Islamic Finance Institute and promote the development of electronic commerce.

State support is expected to be provided through tax incentives, including within the framework of special investment contracts, the provision of land plots for rent without bidding when implementing large-scale investment projects, and public-private partnerships.

The Ministry of Economy of Tatarstan, in turn, was instructed to annually submit for approval by the Government of the Republic a list of priority investment projects that comply with the memorandum.