NIZHNY NOVGOROD, 12 Mar – RIA Novosti. Investments in the production of drugs in the Nizhny Novgorod region at the end of 2020 increased 48 times, said the head of the region Gleb Nikitin.
By the end of 2020, large and medium-sized enterprises of the Nizhny Novgorod Region allocated 143 billion rubles of investments to the development of manufacturing industries. According to the Governor of the Nizhny Novgorod Region, this indicator increased by 46.8% compared to the same period in 2019 in comparable prices.
“More than 53% of investments in fixed assets of large and medium-sized enterprises fall on the development of manufacturing industries. The volume of investments in the production of medicines in the region exceeded 40 billion rubles and increased 48 times compared to 2019. This is an unprecedented case. The Nizhny Novgorod pharmaceutical industry reacted quickly to the challenges of the pandemic, ensuring both their own needs and the needs of other regions of the country, “the press service of the government of the Nizhny Novgorod region quotes Nikitin as saying.
He noted that a significant increase in investment activity was noted in such large industries as the production of machinery and equipment (by 1.5 times), metallurgical production (by 1.3 times), the production of beverages (by 1.2 times) and petroleum products (by 7.1%). Nizhny Novgorod region
It is emphasized that in most cases (about 62% in the volume of investments of large and medium-sized organizations), own funds of enterprises were used as a source of financing, 38% were attracted investments. In the funds attracted from outside, 43.6% fell on budget allocations, 44.6% – on bank loans and 2% – on borrowed funds from other organizations.
The volume of investments in fixed assets of all enterprises in the Nizhny Novgorod region at the end of 2020 amounted to 383.1 billion rubles, which is 20.6% more than in 2019, in comparable prices. “This is significantly higher than the average Russian indicator. The Nizhny Novgorod region has retained its investment attractiveness even in a pandemic. This is evidence of the confidence of large and medium-sized businesses in the region,” Nikitin said.