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Rostec Corporation

is a state industrial corporation established in November 2007 to promote the development, production and export of high-tech industrial products.

The corporation’s main tasks include promotion and implementation of high-tech industrial products in domestic and foreign markets; participation in implementing state policy on Russia’s military technology cooperation with foreign states and the state armament programme; attracting investments to create competitive high-tech industrial products; assistance in carrying out applied research on promising areas in science and technology; and advertising, exhibition, and marketing in Russia and abroad.

The Rostec Corporation includes approximately 700 organisations, which form nine holding companies in the military industrial complex and five in civilian industries. Rostec companies are present in 60 Russian regions and supply products to markets in over 70 nations.

Official website: http://www.rostec.ru

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Official Website of the President of Russia:

Rostec Corporation

http://en.kremlin.ru/catalog/glossary/74

Last updated at January 26, 2016, 17:41

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