MedInTech LLC Passes Training by Russia's Ministry of Industry and Trade

Recently, a training program called Federal Practice organized by the Ministry of Industry and Trade of Russia for participants from the Southern Federal District finished in Novorossiysk.

The training was attended by General Director of MedInTech LLC (resident of Lotos SEZ) Ramazan Faiziev, Head of the Legal Department of MedInTech LLC Gadzhi Ramazanov, and Head of the Resident's Affairs Department at Lotos SEZ, PAO Igor Sokolov.

The two-day training covered practical challenges existing in implementation of available tools of state support of industrial enterprises, and had a number of topical sessions which detailed some of the industrial spheres highly prioritized in the Southern Federal District. The attendees had an opportunity to ask any urgent questions to the experts from the Ministry of Industry and Trade of Russia, Industrial Development Fund, Association for Clusters and Engineering Parks, Agency for Technological Development, etc.

"Our project aims at import substitution and has huge export perspectives; therefore, we need to know more about the sources of support available from the Ministry of Industry and Trade, Industrial Development Fund, or the Center for Russian Export. Right now, we can obtain a consolidated and integrated support, and the experts told us about possible approaches during the training", - Ramazan Faiziev said.

It should be noted, that MedInTech LLC is implementing a Project for construction of Russia's first manufacturing facility for producing third generation autodestruct syringes in Lotos Special Economic Zone. It is expected that the facility will produce up to 200 million of the third-generation syringes annually. The facility is expected to start operation in the fourth quarter next year.

"We say to our residents and potential investors that they will enjoy preferences and laxes of the Special Economic Zone and have full support from existing federal programs. We have good understanding in this regard with all major stakeholders, including Russia's Ministry of Industry and Trade, Ministry of Energy, Ministry of Transportation, and other interested authorities, bodies, and associations", - Head of Residents' Affairs Department at Lotos SEZ, PAO Igor Sokolov said.