"Our rocket and space industry needs to achieve a steady growth in the quality of products and work to be done, the price of which should be globally competitive," the president's RIA Novosti quotes.

According to the head of state, this is a key condition for "increasing the commercial potential of the industry, for effective work in the world market," where competition and tough rivalry are constantly growing.

Earlier, Putin said that Roskosmos needed to achieve breakthrough success in space exploration.