Drug manufacturing to be launched in the special economic zone near Novgorod


It is planned to open new drug and microelectronic products manufacturers, rapeseed processing plants and a number of other production facilities in the Novgorod region.  On July 20, a government decree on the creation of a Special Economic Zone in the region comes into force, the Parlamentskaya Gazeta reports.

Novgorodskaya SEZ will be located in the Novgorodsky and Chudovsky districts, as well as in Veliky Novgorod. Its total area will exceed 180 hectares. The companies will produce monoclonal antibody drugs , microelectronic products, semi-trailer equipment, and there will also be plants processing rapeseed and manufacturing heat and sound insulation materials.

Companies that are residents of the special economic zone intend to invest about eight billion rubles in the regional economy. It is also expected that more than 700 jobs will be created. Due to this, tax revenues to the consolidated budget of the Novgorod region will increase by almost 800 million rubles.

The territory allocated for the SEZ has some of the required engineering and transport infrastructure. Then it will be equipped by the regional authorities, which allocate 1.3 billion rubles for the works.

Special economic zones are intended to develop the manufacturing industry, high-tech sectors of the economy, tourism, and port infrastructure. Their residents are entitled to tax and customs benefits.

The project for the creation of the Novgorodskaya SEZ was prepared by the Ministry of Economic Development of the Russian Federation.