Two investment projects in the “Sistema” special economic zone have been approved in Mordovia
Two new projects were approved at a meeting of the Committee for Improving the Investment Climate of the Republic of Mordovia. Kamil Arslanbekov, General Director of Mordovia Development Corporation, took part in the event.
“Lighting Innovative Systems” company will launch the production of metal structures for outdoor lighting. The total investment will amount to about 250 million rubles.
“Controls Components” company will develop and manufacture highly intelligent control and measuring devices, capacitive equipment and centrifugal systems. The volume of investments will exceed 280 million rubles. This project is of key importance from the point of view of import substitution – it is about the production of equipment that was previously purchased in Europe.
Both projects will be implemented on the territory of the special economic zone "Sistema".