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January 17th, 2008

$36Bln Set Aside for Nanotechnology

Abstract:
The Cabinet on Thursday gave the nod to ambitious measures aimed at boosting sales in the country's nanotechnology sector at least 130-fold in the next seven years.

According to the plan, sales of materials and equipment based on nanotechnology will rise to 900 billion rubles, or about $36 billion, by 2015, the government said on its web site. The total for last year was 7 billion rubles.

Education and Science Minister Andrei Fursenko was even more ambitious, predicting after the Cabinet session that the sales would grow to 1 trillion rubles.

Source:
themoscowtimes.com

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