Further industrial development has been discussed in Nizhny Novgorod region, Russia

The Head of Nizhny Novgorod region Valery Shantsev is sure that it is possible to make industry increase twice higher by 2020. 07.Aug.14 9:27 AM By Mihail Prygunov Photo Toinnov.com    581

A special meeting has taken place in Arzamas, Nizhny Novgorod region. The Head of the region Valery Shantsev has visited local instrument producing factory and evaluated results of the last modernization. This information was provided by Nizhny Novgorod region media office. The Head of Industrial and Innovations Ministry Vladimir Nefedov noted, that output of the factory has become twice bigger since 2008. At the same time the number of employees has also increased. This is all due to an increased level of productivity. Valery Shantsev is sure that it is possible to make industry increase twice higher by 2020. It will result in higher salaries. Such plans may seem to be a bit modest in comparison with overall industrial developed over the last 8 years. On the other hand it is rather hard for a large industrial region with lots of factories to perform great results permanently. The main source of rapid industry development is in new technologies and innovations. This will also help to increase the level of productivity.

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