Mechanical engineering is a generally recognized as main springboard for both innovative transformations in the economy and accelerating technological progress. Technological re-equipment of industrial enterprises cannot be implemented without a modern engineering industry. The competitiveness of the region economy and the country as a whole depends on how much this industry is able to generate and assimilate innovations. In connection with this, an important issue is the understanding of the obstacles to the innovative processes development in domestic engineering. The article analyzes the level of innovation development of joint-stock company “Krasnoyarsk machine-building factory”, discusses the main strategic objectives of innovative development. Further development of economic activities related to the machine-building complex will continue in response to the implementation of investment projects aimed at expanding, modernizing, reconstructing and modernizing existing production facilities.
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