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Ukrainian government attracts investments into the agricultural engineering



Ukraine is implementing Economic Development Program for 2013-2014. Within this document, it is planned to attract investments into agricultural engineering. Currently, five investment projects are working out. They will be implement under the state guarantee of about 700 million UAH. This was announced today by Mykola Prysyazhnyuk, the Minister of Agrarian Policy and Food at a briefing at the meeting of the Government.

"The government is actively implementing the Economic Development Program for the next two years. The agricultural unit is one of the leading branches in it. Within it, we plan to attract investment into the domestic agricultural machinery development. Currently, we are working out five investment projects. Their funding will be carried out under the state guarantees on the amount of about 700 million UAH," Mykola Prysyazhnyuk said. According to the Minister, within these investment projects it will be started the production of combine harvesters at «Kherson machine-building plant» in cooperation with CLAAS, as well as at «Paton Welding Plant» together with New Holland. «Ukravtozapchast" will produce modern powerful tractors with Italian company Landini. Besides, wide-seeder and tillage equipment will be produced at JSC «Red Star».

"According to our calculations, these investment projects will increase import substitution of agricultural machinery up to 40%," said Mykola Prysyazhnyuk.

 

Ministry of Agrarian Policy and Food of Ukraine

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