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The article examines the current state and potential development of the domestic industry on the basis of an assessment of the existing discussion in the economic community for the validity and feasibility of the current import substitution policy in the context of the intensifying foreign policy confrontation. An overview of a number of proposed directions for improving the industrial complex of the Russian Federation using innovations in the management of development and improvement processes based on research on existing and potential achievements can help in determining a rational vector for the development of domestic production forces with further strengthening of the national economy with a simultaneous increase in the welfare of the country's population. An analysis of the measures proposed by a number of authors for the development of domestic industry is carried out, an assessment is made of the proposed plans and roadmaps based on the organization of interaction between public and private structures, to increase the effectiveness of measures taken in the creation of a modern industry on an innovative basis in both production and organizational spheres. The experience available to date in the implementation of roadmaps and international cooperation programs makes it possible to assess the previous theories. And the existing achievements in this area make it possible to further improve the processes of modernization of the management of the domestic industrial complex. The use of the institutional approach in relation to measures to improve the domestic industrial complex makes it possible to more clearly form the mechanisms for the development, implementation and control of measures, taking into account the specifics of the factors affecting the final version.

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