A facility to manufacture innovative medical products will be established in CITO

On the first day of Sochi 2018 Russian Investment Forum, the Russian Ministry of Industry and Trade and Vnesheconombank signed an agreement on cooperation in the manufacturing of innovative medical products and establishment of high-tech manufacturing and medical cluster to produce the medical devices for traumatology, orthopedics, and prosthetics in CITO, a federal state unitary enterprise.

The agreement provides for the development of comprehensive cooperation, preparation of expert opinions, sharing of information, and joint activities.

After the signing ceremony, the Minister of Industry and Trade said that a hi-tech manufacturing and medical cluster to produce the medical products for traumatology, orthopedics, and prosthetics will be established in CITO. This will contribute to the production of strategically important medical devices, their launch in the Russian and international markets of innovative products, and several-fold increase of the export capacity in the Russian medical industry.

The implementation of this project will allow to restore the modern manufacturing in Russia and bring the quality of services in the area of traumatology, orthopedics, and prosthetics to the modern and competitive international level.