May 25, 2022
Nineteen structures that are part of Rosteс State Corporation were included in the register of accredited organizations that carry out activities in the field of information technology. The respective status was granted by the Ministry of Digital Development, Communications and Mass Media of the Russian Federation. The status of IT companies allows these institutions to apply for state support measures, the list of which was significantly expanded this spring.
Currently, the Ministry of Digital Development, Communications and Mass Media has granted the status of IT companies to those Rostec units that operate in such digital areas as information security, cryptographic protection, industrial software development, business process, budgeting and HR automation, as well as the creation of data storage systems and video analytics, the implementation of the Safe City and Smart Region projects.
“The Russian IT sector is receiving special support from the state today, because the digitalization of business and the increase in the Digital IQ of Russian companies is a necessity, not just a recent trend. IT solutions help advance activities in the field of public administration and urban economy, corporate and retail commercial structures to a new level of quality. Digital business also plays an important role in Rostec. For instance, the consolidated revenue of the Corporation’s enterprises that have IT status exceeded 50 billion rubles in 2021,” commented Andrei Komarov, Director for Digital Transformation at Rosteс State Corporation.
Russian IT companies that develop databases and computer software, as well as sell these products and provide services for their adaptation, modification, installation and maintenance, are entitled to be included in a special state register. The IT sector entities included in the register are entitled to various benefits. Some of these benefits were provided in 2021 as part of the so-called tax maneuver, and the Decree of the President of the Russian Federation No. 83 of March 03, 2022 significantly expanded the list of support measures.
In particular, the organizations listed in the register can participate in tenders for software development and receive loans at a rate of up to 3% to finance current activities and the implementation of new projects. In addition, employees of such companies have access to preferential mortgages and a deferral from military service until they reach the age of 27.
Rosteс State Corporation is Russia’s largest manufacturing company. It is celebrating its 15th anniversary in 2022. It unites about 800 scientific and industrial organizations in 60 regions of the country. Its key businesses include aircraft engineering, radioelectronics, medical technologies, innovative materials, etc. The company supplies its products to more than 100 countries worldwide. Hi-tech export sales make up almost a third of Rostec revenues.