September 20 at a press conference in the press center of the Government, First Vice Minister for Investments and Development Roman Sklyar told about the measures of state support for the enterprises of the machine-building industry.
The Sixth Forum of Machine Builders of Kazakhstan starts September 20, 2018, at which topical issues of the development of not only the machine-building, but also major systemic issues of the entire manufacturing industry will be discussed.
As Sklyar noted, the level of engineering is an indicator of the technological development of the entire national industry.
"As we know, engineering is one of the most complex and differentiated industries. Perhaps, therefore, mechanical engineering is most sensitive to state regulation measures. Despite the high level of competition, the engineering industry looks with optimism for the future, having tangible measures of support from the state," the first vice minister said.
Thus, this industry was identified as a priority within the State Program of Industrial and Innovative Development of the country. During the years of the first five-year plan, SPIID engineering has become the most dynamically developing industry. The volume of production in the industry increased 2.3 times from 376 billion tenge in 2010 to 870 billion tenge in 2014. The share of domestic machine-building in the volume of manufacturing increased from 9.7% to 14.8%. In general, over the years of industrialization, more than 100 projects have been implemented in the machine-building industry.
Sklyar explains that the mechanisms of state regulation of the industry developed from the moment of establishment of Kazakhstan as an independent state and this process was dependent not only on the state of the industry, but also on the country and world economy. In order to develop alternative measures of state support, amendments and additions have been made to the Entrepreneurial, Tax and Customs Codes.
In order to stimulate engineering, the state provides concessional lending to both the enterprises themselves and their consumers. Thus, a wide range of services is provided through the Baiterek National Holding, including financing of projects for creating or modernizing production facilities and subsidizing interest rates for bank loans.
"In this regard, it is important to emphasize, as an example, a program of preferential car loans and leasing financing, thanks to which it was possible to stimulate demand for Kazakhstani products during the economic downturn and to support domestic car assembly enterprises," Sklyar said.
In addition, there are general support measures, such as export support through Kazakh Invest, as well as other measures that stimulate the development of industrial projects along the Baiterek line.
Sklyar informed that in order to develop machine building further, in 2018 the ministry together with the Union of Machine Builders of Kazakhstan developed a draft Comprehensive Machinery Development Plan for 2019-2030, which will be discussed with representatives of state bodies, development and business institutions within the framework of VI Forum of Machine Builders of Kazakhstan.
In conclusion, the first vice minister noted the need for state regulation and the policy of ensuring the availability of business support tools in order to develop this dynamically developing industry.