Formation Of Model Of Import Substitution In Machine-Building Complex

Abstract

At the moment, Russian industrial policy is aimed at the development of import substitution. Many of the measures and mechanisms for import substitution are not producing the desired results. Therefore, the economists had to find the most effective mechanism, aimed at increasing the production of competitive Russian products on the world market. The Russian government tries to reduce dependence in production cycles. Council of Ministers try to allocate state investments most effectively in the machine-building industry. Industrial enterprises want to increase profits and reducing risks in modern conditions. Mechanism import of substitution should affect the pace and efficiency in the machine-building industry. The authors suggest a mechanism for import substitution, which should create new companies for the production of food equipment. This mechanism ensures economic and national security of the country. The mechanism will increase the level of industrial production in the region, and achieve growth in import-substituting production. The article analyses the concept of import substitution in a complex geopolitical situation in the world. The paper reveals the advantages of developing industrial clusters. Therefore, it is assumed that companies will be merged into a cluster form, which will allow meeting the emerging needs. The developed model for the distribution of state investments in import-substituting production.