Malaysian investment project monitoring system to be implemented in Tatarstan

On September 10, at their meeting in Singapore, Tatarstan President Rustam Minnikhanov and management of XYBase company discussed implementation of Malaysian investment project monitoring system in Tatarstan.

Tatarstan Vice-Premier – Minister of Information and Communications Roman Shaikhutdinov, Aide to Tatarstan President Radik Gimatdinov, Chief Executive of Tatarstan Investment Development Agency Linar Yakupov took part in the meeting.

Representatives of XYBase company told that the information business registration system was implemented in Malaysia three years ago by the decision of country’s Prime Minister. As a result, the country is now ranked 6th in Doing Business rating in 2014, whereas in 2011 it was ranked 24th.

XYBase offers to implement the system in Tatarstan. The process of all approved and licensing procedures will be displayed in the system. Government authorities and businessmen will be able to track documents processing. The system advantage consists not only in informational support, but the opportunity to analyze all processes.

XYBase is ready to implement the test version in the republic within 6-7 months. The company’s office is meant to be located in Innopolis.

Tatarstan President highly estimated the system capabilities, however was willing to learn more about it. He addressed Ministry of Information and Communications with requirement to make up a group of regional officials to go to Malaysia and see the system in operation.