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2011 July 1   14:59

The State Duma starts first reading of pro-shipbuilding, shipping bill

The State Duma will be reviewing today, July 1st, in the first reading a draft federal law that would help Russia’s shipbuilding and shipping industry, a lawmaker said Friday.

"With this bill we will transit from local modernization measures… to a systemic development of entire industries,” Chairman of the Committee on Economic Policy and Entrepreneurship Yevgeny Fyodorov said.

The lawmaker said the bill aims at the creation of economic conditions for the development of shipbuilding industry, transport system and the competitiveness of domestic shipbuilding enterprises and their products.

“These measures will help create new high paying jobs, both on ships and ashore," the deputy said.

“Comprehensive support for the shipbuilding may will affect the development of domestic enterprises in related industries, including heavy machinery, metallurgy, instrument making, the chemical industry and others. In turn, the intensification of industrial production in these sectors would entail the use of advanced technologies and applied research", Evgeny Fedorov was quoted as saying.

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