Moscow Mayor points up self-sufficiency of local goods
26 Oct '06
1 min read
Giving tentative approval to a three-year industrial program aimed at boosting tax revenues and replacing foreign imports, Mayor Yury Luzhkov wished for more "Made in Moscow" goods on store shelves, and a store on every downtown corner to sell them.
The program aimed at increasing machine building by 10 percent and downsizing chemistry and metallurgic production, would boost overall industrial production in the city by 39 percent and its tax revenues by 47 percent from 2007 to 2009.
Normally non-interfering Luzhkov ordered this time that the program should also include measures to produce goods for mass consumption like shoes, clothing and household products to replace imports. He has shown interest in development of the city's electronic, pharmaceutical and defense industries.
Besides, Government has given the go-ahead to open more stores in downtown Moscow, where businessmen have already opened 275 neighborhood stores since 2004.
Banks and fashion boutiques have already occupied most of the space available leaving little space for grocery stores and retail outlets.
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