Improving the mechanism of State support to light industry enterprises

Abstract

Subject. The article investigates problems of technological modernization of enterprises and the role of the State in the light industry development. Objectives. The study aims at the critical analysis of State support measures for light industry enterprises. Methods. The study rests on methods of comparative and statistical analysis. Results. The paper demonstrates insufficient effectiveness of methods of State support for light industry enterprises in the current period, notes low efficiency of State property use in the industry, offers a mechanism of State management of light industry enterprise development, based on the theory of technological dynamics. Conclusions. It is necessary to improve the system of public-private partnership in the industry. The use of mechanisms to regulate the development of industrial enterprises, taking into account the fundamental laws of sector-specific technological systems development, will enable to significantly increase the effectiveness of measures of State support for the light industry.