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The Cabinet of Ministers will quadruple the financing of software projects in industry

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The Russian government will quadruple financial support for domestic software projects in industry. This was announced on Monday by the Chairman of the Cabinet of Ministers Mikhail Mishustin at a meeting with deputy prime ministers via videoconference, reports TASS .

He specified that in the coming years it is planned to implement four projects on innovative development of the manufacturing industry. 

The large-scale digital transformation will focus on the implementation of Russian solutions in the field of information technology at enterprises. To do this, we will increase financial support for domestic projects in the field of industrial software four times—" Mishustin said.

These are technologies of the Internet of things, artificial intelligence, robotics, sensors, virtual and augmented reality, the head of the Cabinet of Ministers listed. He noted that the introduction of such technologies will help to increase labor productivity, reduce the cost of goods and accelerate their entry into the market.

It is important to increase the share of own electronic components for the digital transformation of the industry by the end of the decade, it should exceed 40%," Mishustin continued.

According to him, in order to maintain the competitiveness of production, it is necessary not only to successfully switch to digital, but also to organize work on new principles: quickly, efficiently and cheaply, according to specific customer requirements. 

We expect that the domestic industry will be able to produce at least 70% of high-tech products using this model by the end of the decade—" the prime minister summed up.

In general, he called digital transformation, which concerns the manufacturing industry, a strategic direction.

The countries that will be able to digitalize the industry before others will become technological leaders. We have all the possibilities for this—" Mishustin stressed.

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