Author: Valery Zh. Dubrovsky, Dr. Sc (Ec.), Prof., Head of Enterprises Economics Dept.; Viktoria O. Ivanova, Sr. lecturer of Economics & Legal Bases of Management Dept.

Abstract: State procurement as an effective element of the state economic policy (particularly, in the field of innovative development management) can and ought to be involved into the solution of the vital task of restructuring Russia’s economy as a whole and its industrial sector. The paper validates the necessity to design the state procurement model which will promote the economic system development, spur innovation and stimulate prospective production.

Key words: state procurement; industrial sector; innovative development.