It is necessary to enable good conditions for private capital in all branches of the economy. The opinion was voiced by Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich during the visit to OAO Integral, the managing company of the holding company Integral, on 1 February.
The head of the upper chamber of the Belarus parliament said: “We passed the law on public private partnership in late 2015. The law was not adopted for the sake of inflating ratings. It was not adopted because a lot involving public private partnership is being done in the world. The law represents genuine legally stipulated participation of the private sector in material production.”
Mikhail Myasnikovich reminded that he oversees cooperation with India. The possibility of setting up joint ventures to make medications is under consideration now. “This country has accomplished a lot in manufacturing substances and ready-made medications. In the next two or three years we will build at least three factories to make medications in Belarus — in Vitebsk Oblast, Grodno Oblast, and Minsk Oblast. All of them will involve Indian capital. One of them will include a share of the Belarusian state. The other ones will rely on Belarusian-Indian private capital,” he explained. The Chairman of the Council of the Republic of the National Assembly underlined that if the state trusts private capital with making pharmaceutical products, then it is necessary to enable good conditions for private capital in mechanical engineering and other branches of the economy.
“Private capital is part of the future. In my subjective opinion, private companies can be even more law-abiding than state-run ones because private owners risk everything — not only their freedom, but their business and the wellbeing of their families. This is why private investors should be handled carefully,” stated Mikhail Myasnikovich.
Source: BelTA