Rostec to create high-tech products for the railway industry


Rostec to create high-tech products for the railway industry

Rostec State Corporation, Russian Railways and VEB.RF (Vnesheconombank) have signed a roadmap for import substitution of digital products used in the railway industry. The signing ceremony took place during the St Petersburg International Economic Forum SPIEF 2019.

The document was created to implement the Memorandum of Cooperation in the field of import substitution,  innovative development and implementation of digital economy projects, signed by the parties in February.

According to the roadmap, high-tech products and solutions of the Rostec’s radio-electronic cluster will be submitted for testing in the enterprises of the railway industry.

Successfully approved equipment will later be acquired by Russian Railways with the possible involvement of funding from the State Development Corporation VEB.RF. Read More

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