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However, the global economic slowdown is a key factor restraining the entry of foreign investors into Russia. Many multinational OEMs as well as EMS companies have postponed or shelved plans to enter Russia amidst the current economic crisis.
"The global economic slowdown will continue to have an impact on foreign investments in electronics manufacturing," cautions Natesan. "Many multinational companies have deferred plans of a proposed entry amidst the recessionary scenario."
Despite the current gloom, the market remains optimistic. In the last few years, foreign manufacturers have increasingly penetrated Russia due to the liberal economic and fiscal policies introduced by the government as well as the increasing demand in major segments such as automotive and consumer electronics.
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