Putin said that the volume of procurement from small business needs to grow

© RIA Novosti / Sergey Mamontovaya in Photobacterium of the Russian Federation Vladimir Putin. Archival photoPutin said that the volume of procurement from small business needs to grow© RIA Novosti / Sergey Mamontovaya the image Bank

The volume of procurement from small and medium businesses by 2024 is expected to grow to 5 billion rubles with 3 trillion in 2018, said the President of Russia Vladimir Putin, speaking at a forum of the organization «OPORA Russia».

«This year, according to preliminary data, it is already more than 3 trillion rubles. Now Corporation for the development of small and medium enterprises together with business, should take following the height by 2024 to increase the volume of purchasing up to 5 trillion rubles. Achievable result,» — said Putin.

He recalled that in 2015, state-owned companies bought the small and medium enterprise goods and services in the amount not higher than 100 billion rubles.

The President also noted that an increasing proportion of technically-sophisticated products and services — and has already reached almost 70% of all purchases. «You need to maintain this momentum in the medium and longer term», — said Putin.

Source