Abstract
Economic regulation of the processes of modernization of industrial production is a fundamental principle of industrial policy. It is noted that investments act as a mechanism that can launch the development of industrial enterprises and allow them to enter a trajectory of accelerated development. Particular attention is focused on current internal and external problems of industrial enterprises and ways to solve them. As an example of the development and implementation of an innovative development strategy under conditions of severe external restrictions, the activities of the limited liability company “Engineering Center for Fire Robotics “EFER” of the Republic of Karelia” are considered. Currently, the EFER Engineering Center occupies a leading position in the development and production of robotic fire extinguishing installations and fire robots in Russia, which could not be achieved without the development of the production base and without maintaining annual R&D costs in the amount of 5÷8% of the cost of production. Using the example of the EFER Engineering Center, the possibility of innovative development of an enterprise is demonstrated, subject to government support and investment. Conclusions are drawn about the need to attract additional finance, which will allow industrial enterprises to enter the trajectory of accelerated development. It is indicated that in order to create a favorable investment climate, an investment strategy is needed that determines the investment priorities of the region. The dynamics of attracted investments depend on the economic climate and investment attractiveness of the regions. The region’s investment strategy should provide for the development of a comprehensive plan that ensures the achievement of the strategic vision and development goals of the region, taking into account the stimulation of innovative industrial growth and the creation of new opportunities for investors. A favorable investment climate will create objective prerequisites for the development of competitive industrial enterprises capable of ensuring the technological sovereignty of the Russian Federation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
