The Dedovichi production facility complex for deep wood processing, which is the GS Group investment project, was presented at the 3rd annual conference “100 steps towards favorable investment climate” held in Moscow on November 24. Alexander Kuznetsov, Vice Governor of the Pskov region, defined the project as the key one for the region.
The GS Group investment and industry holding company unveiled its experience in implementing investment projects exemplified by the Dedovichi production facility complex for deep wood processing in the Pskov region Russia at the conference “100 steps towards favorable investment climate”. Alexander Kuznetsov, Vice Governor of the Pskov region, expressed his opinion on the project speaking in the section “Comprehensive system for investor support”.
While presenting the GS Group investment project Vice Governor of the Pskov region noted it as an example of efficient collaboration between business and government which enables development of industries that are strategically important for the region. The Dedovichi production facility complex for deep wood processing will produce high-quality finishing materials for construction, primarily impregnated board, reclaimed wood and hewed timber. Currently the project embraces the reforestation in the region by means of its own tree nursery. The later stage of the project development will include construction of the fuel granules (pellets) production plant to manufacture import substituting products and to export the remaining part to Europe.
The total investment in the GS Group project in the village of Dedovichi, Pskov region is valued over 87 million US dollars. This year the Sudoma timber mill, a part of the Dedovichi production facility complex, was recognized as a strategic investment project. The mill turned into one of the two facilities that the municipal officials will support at the stage of construction in the short run.
The conference delegates pointed out the improvement of the investment climate from the standpoint of government and business. Participants discussed the ways of attracting investment in new macroeconomic conditions, the motivation tools in the regions and other crucial issues. The event attendees included Andrey Belousov, Assistant to the President of the Russian Federation; Stanislav Voskresensky, Deputy Minister for the Economic Development; Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs; Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation; Alexey Repik, President of the All-Russia Public Organization “Business Russia”; Andrey Nikitin, President of the Agency for Strategic Initiatives and others.
Annual conference “100 steps towards favorable investment climate” is involved in the presidential project – the National Entrepreneurship Initiative on improving the investment climate in the Russian Federation. The event is aimed at providing a unified communication platform for businessmen, social movements activists, various associations and public authorities, all those who are most interested in establishing a comfortable business environment in Russia. The conference was organized by the Vedomosti newspaper and the Agency for Strategic Initiatives to promote new projects.