"We simply do not have the time or resources to support many industries at the level required to take a leadership role like we do in the energy sector,” said Gurin. “But, by narrowing our focus and providing additional support to just three (or two, or one), we can hope to achieve greatness," said Gurin. "Essentially, I’m suggesting we do with other industries what we have done by default with oil and gas.”
Gurin suggested Russia select "industries with promise" that could benefit from a government-sponsored program to promote “Made in Russia” products throughout the world.
A couple of examples of “industries with promise,” according to Gurin, include automotive, aviation, biotechnology, chemistry, food products, software and tourism.
He added: "Taxation needs a quick, bold solution, not just more dialogue. High taxes and VAT make it much more expensive for companies like Amtel-Vredestein to invest in technology and equipment that we can bring back to Russia to produce better quality goods for the domestic markets and export, even while our international competitors are given tax holidays and incentives to compete against us.
"I can envision a day when products Made in Russia will inspire admiration rather than ridicule," said Gurin.
