Russia’s KRET to Develop Unique Products

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Russia’s electronic industry is witnessing a real boom, as the volume of orders increases from year to year. This statement was made by KRET First Deputy Director General Igor Nasenkov.

“The industry of electronic components is experiencing a boom, as the volume of orders grows from year to year. We can see large-scale technical modernization. There is no shortage of work,” Mr. Nasenkov stated.

“KRET have several institutions that are engaged in the development of advanced avionics. Many products have no analogues in the world. As for the import substitution program, first of all, it is implemented under the auspices of Russia’s Ministry of Industry and Trade, and the funds are allocated. In 2014, our company won a competition to the amount of more than 5 billion rubles to work within the framework of the import substitution program,” Mr. Nasenkov concluded.

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Posted on February 6, 2015, in Aviation Industry News. Bookmark the permalink. Leave a comment.

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