Home Economy Why SPIC 1.0 will not solve the problem of import substitution

Why SPIC 1.0 will not solve the problem of import substitution

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Despite the demand for the mechanism, market participants suggest not to overestimate the role of special investment contracts in solving problems that have arisen due to the loss of suppliers by Russian manufacturers and, accordingly, access to equipment, components and materials. “It is impossible to argue that tax incentives will solve the problems with import substitution. In this case, many factors play a role, and the expansion of the use of SPIC 1.0, most likely, will not play a significant role. At the same time, successful projects can be implemented on the basis of the SPIC, which, if other necessary measures are taken, should accelerate the development of the domestic industry,” said Alexander Dolgov, partner, head of the infrastructure and PPP practice Better Chance, resident of the CSR expert club. Russia”, the founder of “GGroup-Asset Management”, Evgeny Protopopov, believes that special investment contracts were popular with business in 2016–2020 and interest may return due to a revision of the approach….

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