Privatization is aimed at forming an efficient proprietor with focus on long-term development, production expansion and creation of new work places. Privatization of industrial enterprises involves such mechanisms as co-founding and option. At present production development and technical re-equipment are among the main challenges. Tatarstan's economy needs fundamental changes, special reforming in the sphere of applied research which could become a basis for technical re-equipment of industrial enterprises and economic revival. Research institutes and design offices could be supported by means of attracting financial resources of enterprises, financial and industrial groups in the form of shareholding.
Renovation is possible by means of privatization through investment into authorized capital.
In 2000, main approaches to privatization of fur-breeding farms were developed. In the process of privatization a part of state shareholding is sold to external investors dealing with fur production and sales by means of option agreement on terms of investment. In 2000, formation of inter-industrial integrated structures for production and sales of agricultural products was completed in Tukayevsk and Tetushi regions. Thus, privatization is to go on in 2001, according to the State Privatization Program. The total of converted enterprises is 399.