The volume of production of agricultural machinery with a high degree of localization for 10 months of 2020 increased by 26.6% - up to 121 million rubles. This was reported by the press service of the Ministry of Industry and Trade of Russia based on the results of state support for agricultural machinery since the beginning of the year.
“For 10 months of 2020, the production of highly localized agricultural machinery in Russia amounted to 121 billion rubles, which is 26.6% more than in the same period of 2019. 5,252 grain and forage harvesters were produced (an increase of 20.8% compared to the same period in 2019), 3,644 tractors (an increase of 22.7%), trailed, mounted and other equipment for the amount of 33.6 billion rubles (an increase of 23. 5%) ", the message says.
The Ministry of Industry and Trade emphasizes that Russian equipment worth 12.4 billion rubles has been supplied to foreign markets, which is 6% more than in the same period in 2019.
The share of Russian equipment in the domestic market is currently 56.4%, which is 4.8 percentage points (p.p.) more than in October 2019.
“The agricultural engineering industry is showing impressive results in 10 months of the year. Considering that in the next three years we have planned to allocate at least 10 billion rubles a year from the federal budget to provide subsidies to manufacturers of highly localized agricultural machinery, I am sure that in future years the positive effect will be comparable, ”says the Deputy Minister of Industry and Trade of the Russian Federation Alexander Morozov, whose words are reported by the press service.
The ministry recalled that the key mechanism of state support for Russian manufacturers of agricultural machinery is the subsidy program under the decree of the Russian government dated December 27, 2012 No. 1432, for the implementation of which 14 billion rubles are provided in 2020.
“As of November 1, 2020, within the framework of Resolution No. 1432, more than 17 thousand units of agricultural machinery worth 60.4 billion rubles have been shipped,” the Ministry of Industry and Trade specified.
