Centers for accelerating the launch of investment projects will be established in 11 regions
Russia is actively implementing a regional investment standard – the first module of the educational program “Integrated Investment Flow” for teachers of branches of the Russian Presidential Academy of National Economy and Public Administration (RANEPA) has been launched.
Participants from 11 regions will learn how to reduce the launch times of investment projects, removing administrative barriers, streamlining approvals, and simplifying communication between businesses and government authorities.
“The increase in investment activity is a key task to ensure the sustainability of the national economy’s development in the face of external economic and foreign policy confrontation,” said Mikhail Khachaturian, Ph.D., Associate Professor of the Department of Strategic and Innovative Development at the Faculty of Higher School of Management of the Financial University under the Government of the Russian Federation, to “Gazeta o Rossii”. “Increasing the speed of passing all stages of the development and launch of an investment project will allow ensuring the necessary influx of investments into the regions of the Russian Federation, which is a determining factor today. Obviously, in recent years, the state has managed to form an efficient mechanism for attracting and supporting investments.”
Khachaturian noted that the state remains the main investor in such projects, which is justified in the current conditions but may create difficulties in the future, expressing dependence on the level of economic activity in the country on the possibilities of state finances.
“At the same time, in the modern world, for a private investor, the most important factors when making an investment decision become not only the level of potential return on project implementation but also the speed of project launch, as the relevance of the project to the consumer depends on the amount of time spent on its launch. In this regard, if the application of the proposed mechanisms allows reducing the time and cost of launching investment projects by at least 40-50%, it will significantly increase the attractiveness of investments in the national economy,” added the expert.
The main goal of the “Integrated Investment Flow” project is to change the working scheme of regional authorities and simplify relations between businesses and government officials.
“Obviously, the question of maintaining quality while reducing launch time will be key in this context. Indeed, the participation of RANEPA experts in this process is a guarantee of maintaining the quality of investment projects. In general, involving the scientific and educational community in solving such an important problem seems to be very relevant. Of course, in solving the problem of maintaining the quality of investment projects, mechanisms of control must be developed, in the activities of which representatives of the state, private investors, and the scientific community should participate,” noted Mikhail Khachaturian.
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