The head of the Rosseti Group, Andrey Ryumin, recently spoke at the All-Russian Conference on Government Procurement about the impact of import substitution on the quality and cost of electrical products. This topic has become increasingly relevant in recent years as Russia has made efforts to reduce its dependence on foreign imports and promote domestic production.
During his speech, Ryumin highlighted the positive effects of import substitution on the electrical industry in Russia. He emphasized that the implementation of import substitution policies has led to an increase in the production of high-quality and competitive electrical products within the country. This has not only improved the availability of these products for consumers, but also reduced their cost.
One of the main advantages of import substitution is the ability to control the quality of products. With domestic production, companies have more control over the entire production process, from sourcing raw materials to the final product. This allows for better quality control and ensures that the products meet the necessary standards and regulations. As a result, consumers can have confidence in the safety and reliability of the electrical products they purchase.
Furthermore, import substitution has also had a positive impact on the development of the domestic electrical industry. With the increase in demand for domestic products, companies have been able to invest in research and development, leading to the creation of new and innovative products. This has not only improved the competitiveness of Russian companies in the global market, but also contributed to the growth of the country’s economy.
In addition, Ryumin stressed the importance of cooperation between government agencies and businesses in promoting import substitution. He highlighted the role of government procurement in supporting domestic producers and creating a level playing field for them to compete with foreign companies. This has not only boosted the domestic market, but also helped to create jobs and stimulate economic growth.
However, Ryumin also acknowledged that there are still challenges to be overcome in the process of import substitution. One of the main challenges is the need for further modernization and technological development in the domestic electrical industry. This requires significant investments and support from the government, as well as cooperation with foreign partners to acquire new technologies and expertise.
Despite these challenges, the Rosseti Group remains committed to promoting import substitution and supporting domestic producers. The company has implemented a number of initiatives to increase the share of domestic products in its procurement, as well as to support small and medium-sized enterprises in the electrical industry. This has not only contributed to the development of the industry, but also helped to create a more sustainable and self-sufficient economy.
In conclusion, Andrey Ryumin’s speech at the All-Russian Conference on Government Procurement highlighted the positive impact of import substitution on the quality and cost of electrical products in Russia. The implementation of import substitution policies has not only improved the availability and competitiveness of domestic products, but also contributed to the growth of the country’s economy. With continued support and cooperation, import substitution has the potential to further strengthen the domestic electrical industry and make Russia a leader in this field.
