‘The share of innovational products in Sverdlovsk Region’s industrial output that comes to about 11% at the moment has to reach 25% to 35% by 2020. Only 16% of local industrial enterprises actually deal in technological innovations, while the country’s long-term development scenario calls for at least 40% to 50%,’ Head of Sverdlovsk Region Government Viktor Koksharov announced at a recent government meeting devoted to the region’s developmental strategy.

Viktor Koksharov feels this industrial growth rate can be achieved through large-scale modernization of existing production facilities and use of advanced energy-saving, science-intensive technologies.