The Project is included into the following State programs:
Exemption from VAT upon importation into the territory of the Russian Federation of technological equipment (including accessories and spare parts), analogues of which are not produced in the Russian Federation, by the inclusion in the list approved by the Russian Government (F Tax Code - paragraph 7 of the first part of Article 150 R).
Compensation from the federal budget of the cost of interest on loans given by Russian credit institutions in the amount of 0.9 of the refinancing rate of the Central Bank of Russian Federation (RF Government Resolution dated January 3, 2014 N 4) for the implementation of investment projects on modernization and construction of production facilities in the sphere of textile and light industry.
Exemption from property tax for a period of up to 12 years on the basis of investment agreement, concluded with the Government of the Ivanovo region on the implementation of investment projects included in the state register of investment projects of the Ivanovo region (Article 5.2 of the Law of the Ivanovo region dated 24.11.2003, N 109-OZ (ed. by 28.11.2014, at rev. dated 26.12.2014), "On property tax".
General cooperation agreement between the Ivanovo region and the "Fund of single-industry towns development" was concluded in July 2016. The agreement provides construction of infrastructure (external pipeline, sewer, access road, extension of Vichuga town water intake (construction of wells), waterways process water) in accordance with the design documentation with the support of the Fund in the form of co-financing 95% of the costs (5% funded by the Ivanovo region).