LLC "AIC Astrakhansky” expands its production
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LLC "AIC Astrakhansky” expands its production
The Investment Council Meeting under the Government of the Astrakhan region
Today, the current year final meeting of the Investment Council under the Government of the Astrakhan region took place in the Grand Hall of the Astrakhan Region Governor House. The event was chaired by Alexei Popov, the Regional Economic Development Minister.

During the meeting, the council members discussed the possibility of granting to LLC “AIC Astrakhansky” land plots for the implementation of the regional large-scale investment project, “The Tomato Cultivation and Processing Agro-Industrial Complex”.

Isa Dakaev, the General Director of LLC “AIC Astrakhansky”, reported on the progress of the project and substantiated the need to introduce into circulation new land plots in order to expand the Company’s production. According to Mr. Dakaev, this year, the company has reached the target indicators, in particular, the average yield amounted to 80 tons per hectare, and the third production phase is to be launched.

As a result of the discussion, a decision was made to lease eleven land plots in the Kharabaly district to the enterprise without competitive tendering process. It should be noted that leasing land plots without competitive tendering process for the implementation of large-scale investment projects is an effective tool to stimulate investment activity in the region and one of the best practices of creating a favorable investment climate.

Reference Information
The project was launched in 2015; it is aimed at replacing the import of tomato paste both in the Russian Federation and in the Customs Union member states.

To date, on the Russian market there are virtually no domestic tomato paste producers, despite the fact that the demand for it is about 115-120 thousand tons per year. The input capacities of the LLC “AIC Astrakhansky” made it possible to replace about 10% of imported raw materials already in 2016, and by 2022, this figure will exceed 20%.

The project has a great socio-economic importance for the region, especially under the import substitution program. The enterprise receives maximum assistance at all stages of the investment project implementation

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