Abstract
In recent years, the economic development trend in Russia and other countries has been based on the cluster approach. Increasing competitiveness through the use of the cluster mechanism is an effective means of developing industrial production, where the main goal of any enterprise is to obtain maximum profit. For a good and successful confrontation in the conditions of market competition, Russia needs to create large industrial corporations - centers, conduct integration processes and form large regional clusters. The formation of large regional engineering clusters within the subjects of the Russian Federation will ensure the inflow of investment from outside, and will create conditions for competitive advantage for large, small and medium-sized businesses in general. Therefore, we can conclude that the development of the tasks presented in the research, which identified the main ways of cluster development based on the creation of a regional industrial engineering cluster, is relevant, and has novelty and practical significance.
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