The President noted the growth of foreign direct investment in Russia yet also pointed out the lack of major and long-term investment projects, particularly in the regions.
In reference to the Investment Fund, Vladimir Putin emphasised the need to simplify procedures linked to the evaluation of projects and asked that federal ministries promptly develop regulations applicable to projects within the private public partnership.
The head of state asked that the regions prepare potential sites for constructing new processing plants more actively, and did not exclude the possibility that this social infrastructure could be co-financed by the federal government.
Before the meeting President Putin visited an exhibition of products from Bashkortostan's machine manufacturing compound.
First Deputy Prime Minister Sergei Ivanov accompanied the head of state as he was shown more than 30 different kinds of equipment that Bashkir enterprises produce autonomously or in collaboration with foreign partners. In particular, President Putin was shown the model of a tractor produced in tandem by Russia and Germany. The products on exhibit included buses, drilling systems, cargo vehicles and aircraft equipment.
The President also witnessed the exhibition on the largest investment projects in Bashkortostan, projects in the agricultural industry, oil processing and in high-tech manufacturing.