Rostec State Corporation proposed to invest 41.6 billion rubles (equivalent to $544 million) within the framework of the Roadmap for the development of high-tech areas of the Internet of things until 2024, developed by the Ministry of Digital Science. This was reported by Vedomosti with reference to a source close to the development of the roadmap.

Representatives of Rostec explained to the publication that the implementation of the roadmap is necessary in order to provide developers with tools to build their own digital IoT-based solutions. With investments of $544 million the sales volume of Russian companies will reach 230.9 billion rubles (equivalent to $3 billion) by 2024. (last year this figure was 44.4 billion rubles or $580 million), the state corporation predicts. Funding should be aimed at conducting research, creating a technology platform, supporting developers through development institutions aimed at creating industry platforms, applications and services.

Earlier it became known that as part of the second package of measures to support the IT industry, the government proposes to oblige companies to switch only to Russian equipment for the Internet of Things for data collection in housing and communal services, fire and environmental safety.

Original (in Russian)