Rustam Minnikhanov: We will be glad to see Asian investors in Tatarstan

Tatarstan authorities are ready to support Asian investors in every possible way and willing to see them in republic, President of Tatarstan Rustam Minnikhanov stated in the course of Tatar-Singapore business forum.

Rustam Minnikhanov and members of Tatarstan delegation have met with potential investors representing big companies in Singapore and other Asian countries. The meeting was attended by Vice- RT prime minister - RT minister of info and telecom Nikolai Nikiforov, chairman of RT Investment development agency Linar Yakupov, director of RT External relations department – aide to RT President Iskander Muflikhanov, Chairman of Ak Bars Bank executive board Robert Musin, Director general of JSC Tatneft Shafagat Takhautdinov.

Iskander Muflikhanov reported on Tatarstan economic potential for foreign investors. He informed that republic is one of the most interesting Russian regions for investors. Forbes magazine supports this statement as well. A certain legislative base has been created in RT to attract investments, there is a developed infrastructure and a solid educational potential in the region.

Chairman of RT Investment development agency Linar Yakupov in his turn emphasized that Tatarstan and neighboring regions represent a huge market. The republic may become a good place for foreign businessmen willing to start working in Russia.

Linar Yakupov called opportunity to contact republican government a special advantage of Tatarstan. It lets avoiding bureaucratic barriers.

Presentation of holding company “Ak Bars” was held within the limits of meeting with investors. Businessmen were told about new vessel A145 produced at Zelenodolsk shipyard plant that may be of interest for countries of Southeastern Asia.

Representatives of foreign companies asked several questions to Tatarstan authorities. They were particularly interested in terms of capital circulation in Russia and any restrictions for foreign companies at Russian enterprises. RT President Rustam Minnikhanov answered that there are no any restrictions for foreign capital transfer and participation of foreign companies may be of any form. R. Minnikhanov cited the example of joint enterprises of “KAMAZ” with foreign companies and residents of SEZ “Alabuga” being completely a foreign ownership.

President of Tatarstan stated as well that republican and Russian leadership is going to provide stability of economic government policy, support investors and guarantee safety of investments.
Upon finishing the meeting Rustam Minnikhanov invited participants to visit Tatarstan. “We will be happy to see you in Kazan and present our opportunities in details”, - R. Minnikhanov addressed Asian investors.