In January-March 2022, 93.5% more electrical equipment was produced in Moscow than in the same period last year. The most notable growth was recorded in the categories of electric motors, instrumentation and switchgear, and lighting equipment. This was announced by the Vice-Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.
“In the first quarter of this year, capital manufacturers of electric motors, generators, transformers and switchgears, as well as control and measuring equipment, increased their output by 2.4 times compared to January-March 2021. The growth in the production of electric lamps and lighting equipment over the same period amounted to 66.1%,” Yefimov explained.
The production of lighting electrical devices for the reporting period increased by 2.3 times and exceeded 209 million items, the mayor’s office added.
“In total, there are 135 manufacturers of electrical equipment operating in the city. The number of workers in the sphere exceeds 17 thousand people. The volume of goods shipped by enterprises in January-March amounted to 22.2 billion rubles, which is 12.1% more than the same indicator in 2021 and 29% more than in the first quarter of 2020,” said the head of the Moscow Investment and Industrial Policy Department Vladislav Ovchinsky.
Capital enterprises can take advantage of a number of support measures from the city government. For example, to receive preferential loans to replenish working capital or to implement investment projects for the construction of non-residential facilities. Investors can also rent land to create new industries or reconstruct old ones at a rate of one ruble per year.