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Kaluga 650: Partnership for Development: start of the International Economic Forum

28.06.2021

The three-day International Economic Forum “Kaluga 650: Partnership for Development” has started in Kaluga. The main task of the forum is to search for new effective forms of joint work to successfully transform the economic processes.

The forum is attended by representatives of federal and regional authorities, state corporations, development institutions, international and Russian companies, business communities, leading experts and analysts. The agenda is focused on new growth points, support for innovative and high-tech industries, an increase in their share in the economy, an assessment of the investment opportunities of the regions, and the prospects for territorial development.

Over the years, the Kaluga Region has been a leader in terms of industrial growth rates, real income of the population, and the level of technologies introduced.

223 companies from more than 30 countries of the world are implementing their projects in the Kaluga Region. These are the world’s largest concerns and small family companies. All of them admit that, among the Russian regions, the Kaluga Region is a business-friendly territory.

More than 10 industrial clusters are developing here, namely, automotive, pharmaceuticals and biotechnology, agri-food, production of building and composite materials, transport and logistics, educational, tourism, IT, metalworking, etc. 12% of all cars produced in Russia, 38% of automobile engines, 36% of TVs and 100% of all Samsung TVs and monitors produced in the country are produced here. Enterprises of the Kaluga Region produce 34% of all Russian mainline electric locomotives.

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