industrialization

2.  Economic activity concerned with the processing of raw
materials and manufacture of goods in factories.

3.  The process by which an economy is transformed from
primarily agricultural to one based on the manufacturing of
goods.
 Individual manual labor replaced by machine
 Craftsmen replaced by assembly lines

4.  Economic growth
 More efficient division of labor
 The use of technological innovation to solve problems
 Reduce dependency human control.

5.  1ST Stage : 1784- Invention of Steam Engine
 2nd Stage : 1870- Invention of Electricity
 3rd Stage: 1969 – Invention of Internet
 4th Stage: 1991- Artificial Intelligence (AI)

6.  Better utilization of resources
 Increase Productivity
 Play a major role in economic development
 Provide a secure basis for a rapid growth
 To supply consumer, capital and intermediary goods
 Increase GDP and decreased the dependency on foreign
resources
 Accelerate SDG Goal
 Generates employment opportunities and meeting high
income demands

7.  Increase per capita Income
 Reduce Poverty
 Provides educational opportunities
 Encourages advancement and innovation
 Make Industrial development
 Increase Standard of living
 To improve balance of payment positive by promoting export
industry and import substitute industries

8. Ministry of Industries (MoI):
Vision: Industrially developed middle income country
Mission: Accelerating Industrialization through formulating
appropriate Industrial policy, reformulating & renovating state
owned enterprises, developing SME's, micro & cottage industries,
protecting standards of products and intellectual property rights
and enhancing productivity.

9. The Ministry of Industries carries out (performs) its functions
through Six wings:
(1) Administration & Co-ordination
(2) Autonomous Bodies
(3) Audit & Department
(4) Privatization (Disinvestment) Laws & International Co-
operation
(5) Research & Development
(6) Planning.

10.  Formulating, implementing, monitoring and updating of
appropriate industrial policy.
 Providing services for registering patent , design and
trademarks and strengthening activities in protecting
intellectual property.
 Developing small, micro & cottage industries.
 Determining and harmonizing national standards in
consistent with the international standards of commodities
and services.

11.  Standardization, examination and certification of products.
 Establishing, developing and regulating Eco-friendly and safe
industrial infrastructure.
 Keep continuing production of salt ,sugar, fertilizer and other
commodities.
 Fortifying edible oil with vitamin A.
 Providing policy support and other assistance to the
development of ship building and ship recycling industries.

12.  Enhancing productivity through providing training support to
entrepreneurs on industrial management and technical know
how.
 Generating employment opportunities through accelerating
industrialization in public and private sector and joint
ventures.
 Inquiring into the reason of non-profitability of state owned
enterprises and conduct research on the unsuccessful
ventures both in public and private sector.
 Improving overall management of state owned enterprises

13.  Promote industrial growth and development.
 Development of Standard with international level.
 Eco- friendly and safe industrialization
 Development of the high priority industrial sector.

14.  Building entrepreneurship and skilled labor force.
 Initiative to make profitable of non-profitable state -owned
enterprises.
 Attain efficiency in fertilizer production, procurement and
distribution.
 Stabilize market price with enhanced production of sugar and
salt.

15. Corporation Department Board Foundation
BSCIC BSTI BAC SME
BCIC BITAC
BSFIC BIM
BSEC DPDT
NPO
BOILER

16.  Rapid formulation of industrial policy giving priority to
private entrepreneurship
 Attaining self sufficiency in production and distribution for
the sake of safety in agriculture
 Elevating the standard of products to the world standard in an
attempt to preserve the consumer’s interest

17.  Establishment of industrial park (API) for production of raw
materials of pharmaceutical Industry
 Playing the role of facilitator for the development of cottage,
small and medium enterprises
 Keeping market stability by increasing the production of
sugar & salt

18.  Manufacturing environment friendly motor vehicle within the
purchasing capacity of the people
 Enhancement of production in the industrial sector through
training emphasizing the Productively
 Protecting the national interest & expanding the trade and
industry by preserving and encouraging intellectual property
in relation to industry
 Expansion of industrialization by providing the
entrepreneurship with training and incidental assistance by
BSCIC & SME Foundation

19. Sector 2005-06
(Percentage)
2015-2016
(Percentage)
2016-2017
(Percentage)
2017-2018
(Percentage)
2018-2019
(Percentage)
Agriculture 19.01 15.35 14.74 14.10 14.74
Industry 25.40 31.54 32.42 33.71 32.41
Service 55.59 53.12 52.85 52.18 53.85
Total 100 100 100 100 100

20. Sector 2018-2019 Target by 2021
Indigenous
Production
28% 40%
Labor force 20% 25%

21.  Vision 2021- a charter for moving towards a prosperous future , the first
stage of a middle-income economy
 Perspective Plan (2010-2021)- laid down goals and strategies together
with a framework for mobilising natural and human resources to achieve
goals
 The Seventh Five Year Plan (2016-2020): To achieve GDP 8%
 The Second Perspective Plan 2022 to 2041: To address the global
commitment of achieving the Sustainable Development Goals (SDG)

22.  VISION 2041:
1. To eliminate extreme poverty and reach Upper Middle-Income Country
(UMIC) status by 2030
2. High-Income Country (HIC) status around 2041 with poverty becoming
non-existent
3. Bangladesh will be a developed country by 2041, with per capita income of
over $12,500
•

23. • Bangladesh Delta Plan (BDP) 2100:
1. Achieving Safe, Climate Resilient and Prosperous Delta
2. BDP -2100 is the plan for moving Bangladesh forward for the
next 100 years towards the 21st Century.

24.  Cheap labor
 Positive development
 Opened new market
 Growth of trade
 Rise of living standard
 Achievement of foreign currency
 Stable economy
 Creation skill labor force.
 Reduce unemployment.

25.  Historical background
 Agro-base economy
 Lack of entrepreneurship
 Unskilled manpower
 Small size in market
 Lack of instrument
 Lack of capital
 Weakness banking system

26.  Labor dissatisfaction .
 Shortage of Energy ( gas, electricity)
 Child labor.
 Lack of wage.
 Lack of job security.
 Lack of training facilities.
 Lack of proper management.