Roselektronika Holding (belonging to Rostekh State Corporation) approved the investment program for 2016-2020. The company plans to spend RUB 191.4 bln on the innovational development of the company, RNS reports.

The total amount of investments, equaling to RUB 35.6 bln, will be made of the funds of the holding, the rest – at the expense of budgetary sources, including FTP (Federal Target Program), the press-office of Roselektronika reported.

“It refers to the continuation of the program of import phase-out, development of high-potential components and technical reequipping of production facilities. Except for it, we are going to significantly modernize processes of company governance within the entire holding”, General Director of Roselektronika JSC Igor Kozlov said to RNS.

According to him, the company plans to implement 66 innovational projects in major areas: electronic component base, microwave electronics, communications system and complex, the special-purpose AMS of the remote probing of the Earth, industrial electronics, informational and telecommunication solutions, security systems, medical equipment and scanning microwave equipment.

The total amount of investments in RTD (Research and Technological Developments) was RUB 61.2 bln (internal funds – RUB 17.1 bln), for technological modernization – RUB 119.4 bln (RUB 8.4 bln). Other RUB 10.7 bln (RUB 6.7 bln) are planned to be aimed at measures, collateral to program implementation. 

In September, Roselektronika announced about the plans on transformation of the holding. The company intends to increase the proceeds by 56% until 2020 and increase the share of proceeds from sales of civilian industry products from 15% to 40% until 2025.  On October 20, Roselektronika announced about the prototype testing of data communication equipment (DCE), fully built on the national element base. The development is the prototype of “filling” for the Russian smartphone, which the company promises to produce in 2018.