Published on: 2026-11-06
Source: Government of the Russian Federation –
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First Deputy Prime Minister Denis Manturov, during a working trip to Chuvashia, visited the region’s industrial enterprises and held a meeting with the head of the republic, Oleg Nikolaev.
The industry of the Chuvash Republic has shown steady growth over the past five years, outpacing nationwide Russian indicators. The positive trend continues: in the first nine months of this year, the production index in the region’s manufacturing sector amounted to 107% compared to the same period last year.
At the Cheboksary Power Units Plant, the First Deputy Prime Minister evaluated the progress of projects in the field of import substitution. The enterprise produces components for pumping equipment, diesel engines, and special machinery. Since 2021, warehouse and municipal equipment under the Silant brand have also been manufactured here.
Currently, the company is implementing an investment project to organize the production of forklift trucks. These are machines that were previously hardly manufactured in Russia: heavy diesel models with a lifting capacity of 5 tons and electric forklifts with a lifting capacity of up to 3.5 tons. Such equipment is in demand in industry, logistics, construction, and large warehouse complexes. The project provides for the production of up to 4,000 machines per year and the creation of 360 jobs. The volume of investments exceeds 1 billion rubles, half of which has been attracted under the state program “Industrial Mortgage” of the Ministry of Industry and Trade of Russia. The key instrument for implementing the heavy series of “Silant” forklifts project will be a special investment contract (SPIC 1.0) for five years, which provides tax benefits and stability of business conditions.
Denis Manturov also familiarized himself with the activities of NPP “EKRA” — one of the leading Russian enterprises in the field of electrical equipment for the energy sector. The First Deputy Prime Minister inspected the assembly and installation section, where lean manufacturing principles with a clear separation of technological flows are implemented. The company’s high-tech solutions address issues of import substitution for critically important infrastructure and contribute to strengthening Russia’s technological sovereignty. Among the company’s regular clients are leaders in the fuel and energy complex (FEC), metallurgy, and transport sectors.
The issues of further expanding the industrial potential of the Chuvash Republic, supporting existing productions, and implementing new investment programs became the main topic of the working meeting between Denis Manturov and Oleg Nikolaev.
A significant factor in the modernization of the industrial complex is federal support. In particular, the Industrial Development Fund (IDF) has financed 11 projects in the republic since 2016, providing over 5.7 billion rubles in concessional loans. At the same time, the total volume of investments in these initiatives exceeded 17 billion rubles. Additional opportunities for enterprises are provided by the regional industrial development fund with capitalization of 5.2 billion rubles. It is among the top 6 largest regional IDFs.
“Today we visited processing industry enterprises of the Chuvash Republic, operating in various sectors. I can conclude that our efforts over the years to create joint support mechanisms have not been in vain. They produce results: enterprises are increasing product output, expanding production, and investing in the creation of new capacities. Statistics also confirm the growth of the processing industry, and we expect this trend to continue,” noted Denis Manturov.
The First Deputy Prime Minister also discussed issues of demographic development in the region with the head of the Chuvash Republic. An agreement was reached to implement a corporate demographic standard at two major enterprises in Chuvashia starting December 1. Subsequently, it is planned to expand this practice to other industrial sites, which will contribute to addressing the tasks set by the President of Russia.
“After your visit in 2020, we established close dialogue with the departments of the Russian Ministry of Industry and Trade. Thanks to this, we managed to lay the foundation of the republic’s industrial policy: to create 10 industrial clusters, six industrial sites, and private technoparks. All of this together ensured sustainable industrial growth. The accumulated industrial production index over recent years exceeded 80%. In particular, last year it was 20% according to the industrial production index, 22% in manufacturing,” noted Oleg Nikolaev.
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