Russian Technologies Will Aid Indonesia in Space Exploration
On October 31 the 11th session of the Russian-Indonesian Joint Commission on Trade, Economic and Technical Cooperation took place where RUSNANO that invests in the production based on the state-of-the-art developments in the field of nanotechnologies and the Indonesian infrastructure company with state support PT Wijaya Infrastruktur Indonesia signed an agreement on the establishment of the International Aerospace Equity Fund (IASF). The agreement was signed in the presence of the Minister of Industry and Trade of the Russian Federation Denis Manturov and Coordinating Minister for Economic Affairs of the Republic of Indonesia Darmin Nasution. On the Russian side it was signed by Managing Director for the Investment Activity of RUSNANO Management Company Dmitry Pimkin, on the Indonesian side—by President, CEO of PT Wijaya Infrastruktur Indonesia Didi Suwondo.
Indonesia became the first foreign participant of RUSNANO Aerospace Fund. The initial size of the joint investment will amount to $100 million, which will be invested over 5 years in the development of navigation systems and satellite communication systems, in the production of new materials and components for satellites, in the development and manufacture of aircrafts and other related sectors of economy. The investment period can be extended for two years, and the operation period of the new fund is 10 years with possibility of extension for another three years.
Expansion of IASF participants list is planned in the future by means of accession of other countries in the Asia-Pacific region that are interested in the creation of their pace infrastructure for telecommunications and monitoring of Earth’s surface. RUSNANO plans to raise the level of the fund up to $500 million.
According to the Managing Director for Investment Activity of RUSNANO Management Company, Dmitry Pimkin, “rapidly growing economies of the Asia-Pacific countries—such as Indonesia—attract RUSNANO’s close attention to this region. This attention is mutual: latest Russian technologies and developments recurrently prove their competitiveness in the world market. Moreover, aerospace expertise of Russia and Russian companies is beyond any doubt. The newly created Aerospace Fund will be one of the tools for Russia to promote domestic high-tech production in the world market, and for the partner countries it provides an opportunity to implement national commercial space programs.”
One of the first investment projects of the Fund will be the creation of its own satellite constellation that would form the basis of a system of prompt detection of fires and gas explosions. In general, IASF portfolio will be formed by projects that will solve a variety of tasks—from development and production of control systems for spacecraft to production of geosynchronous satellite systems and all the necessary ground infrastructure for the development of telecommunication network of the whole country.
Russia, being one of the world leaders in the aerospace industry, has extensive experience in the development of outer space. The country has both experience in creation of advanced aerospace infrastructure and the latest developments in this field. RUSNANO is one of the key development institutions financing the introduction of new technologies in the Russian production.
RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 96 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 4 years.
Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.
Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.