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April 26th, 2007
Putin calls for more investment in economy, institution building
Putin said high-tech sectors of industry would receive priority funding, specifically nanotechnology, saying that $5 billion would be invested in the program.
"The government should provide the necessary funding to arrange this work in terms of technical equipment, staff and organizational support," he said.
Putin said last week the state would spare no effort to provide financial support to nanotechnology research programs, but that their results should be put to effective use.
"It is an area of activity in which the state is ready to invest on a large scale. The only question is that this work should be well organized and effective, yielding practical results," he said.
He said nanotechnology would lay the groundwork for new weapon systems, both offensive and defensive, adding that nanotechnology is already being used in high-tech sectors of industry, medicine, transport, space research and telecommunications.
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