This is a short overview of The industrial Policy in Bangladesh-2016

1. Industrial Policy Bangladesh-
2016
Submitted To:
Dr. Md.Shariful Alam Khandakar
Faculty Member of
MBA department,
North South University.
Submitted by:
Md.Asfiqur Alam
Id: 2016561660

2. The goal of industrial policy
 Massive employment through industrialization
 In order to implement the overall development vision of the government, the
contribution of the industrial sector to the existing national income should be
increased from 29 percent to 35 percent and the contribution of the labor
force from 16 percent to 25 percent by 2021.
 To play a role in inclusive growth by increasing quality and income generating
employment through industrialization.

3. Government Vision
 Profitable industry
 Manufacturing quality product
 Export oriented industry
 Developing green industry
 Safe work environment
 Women participation

4. Classification of industry
Types Criteria Manufacturing industry Service industry
Large industry Assets( except land and
building)
Minimum 50 crores Minimum 30 corers
Workers Minimum 300 and minimum1000 for
garments industry
minimum 120 workers
Medium Asset( except land and
building)
15 more than cores and Total less than
equal to 50 crores
Maximum limit of total asset 2-30
cores
Workers 121-300 and for garments maximum 1000 Workers needed 51-120
Small industry Asset( except land and
building)
75 lacs to 20 cores 10 lacs to 2 cores
Workers 31-120 16-50
Micro industry Asset 10-75 lacs 16-30
Workers Maximum 10 lacs Maximum 15
Note: If one adopts the characteristics of other on the basis of one criteria , then it could be that.

5. Classification of industry
Cottage industry
Reserved Industry
Hi-tech Industry
Regulated industry
Women industrial
entrepreneurs
Handicraft
Creative Industry
High priority
industry

6. Investment incentives
 One Stop Service
 Exemption of taxes and duties on manufactured goods
 Accreditation Certificate Fee / Charge and Insurance Scheme Premium Cost Reimbursement
 Special incentives and financial assistance granted to priority sectors
 Agricultural sector
 Imposing new rules and regulation to encourage investment.
 Same opportunity
 Can withdraw investment
 Quota on primary share
 CIP
 “প্রবাসী বাাংলাদেশি শিল্প শবশিদযাগ শিউচুযাল ফান্ড”

7. Developing small ,medium, micro and cottage industry
 Activity done by local indigenous.
 Export Oriented get priority
 Encourage the production of imported
alternative products.
 Government and private partnership.
• Preference will be given to women
entrepreneurs in providing loans (min 15%)
• Continuous training for capacity building of
entrepreneurs
• Special incentives and loan
• Fair pricing.

8. Establishment of Economic Zones, Industrial Parks,
Cluster Based Industries, Hi-Tech Parks and
Establishment of Public-Private Partnership Industries
 Allocating resources and established
land bank
 Prioritize of use unused land and
Government land.
 Establish supportive industry
 Manufacturing industry on financial
area
 Create more financial area to attract
foreign investors
• Private- public partnership for
establishing hi-tech industry
• Consider special tax on hi-tech industry
• Foreigner can get 100% ownership of a
industry

9. State owned industrial
management and reform
 Ensuring efficient management
 Transform unused land them into
economic zones.
 Contractual assistance in technology
and management development for the
purpose of creating competitiveness
 The government will take necessary
steps in If the intention has not been
implemented.
 Initiatives will be taken to dispute of
state industries and other industries
establishment.
Intellectual property
creation, conservation
and management
• Emphasis on providing appropriate
training for human resource
development
• To ensure patent rights for new
technology, inventors and will get help
from govt. withing a short period of
time.
• Knowledge Database .
• Use them for business purpose

10. Productivity and Product Quality
 NPO will consulted with private industrial
 Increasing the productivity of workers ,especially green productivity.
 Information will be preserved by collecting information on
productivity from all types of government and private sector
industries / services.
 International acceptance will be ensured
 National Quality (Products and Need) Policy, 2017 will be followed in
industrial production and import-export trade.

11. Participation and
development of women
entrepreneurs
• Have to train and motivate them to took
initiatives
• Providing financial assistance and
incentives
• Extent the facility to provide loan
• Make rules to and regulation easy.
Industrial Technology
• Cost effective and green technology
• Creating skilled workforce be introducing
corporate culture and supportive activity
• Tax leave in research activity
• Motivating private sector to invest in
technological sector
• New Innovators should be rewarded .
• Encouraging technical studies and creating
competitive technological market

12. Export Oriented industry
 Prioritize export oriented industry
 Special incentives should be provided to
make the demand and supply side equal
 Special incentives and opportunity will be
given in fast 3 years
 Duty drawback
 Up to 90% lending against asset and
bonds
 Tax leave
 Prohibited or reserved goods will continue
import in limited scale
 Facilitated fast uploading of necessary
goods.
Foreign Investment
• FDI will be encouraged on green, hi-tech or
innovative industries
• Special package will be provided to attract
the institutions on the world.
• Opportunity to enter primary and secondary
stock market
• Opportunity to get citizenship and tax leave
• Foreign employee will get the benefit
according to recruitment condition.
• Foreign investor will be prioritize to establish
renewable energy center and ICT related hi-
tech industry to implement digital Bangladesh
Vision

13. Eco-Friendly Industrial
Management
 Making industrial decision by considering the
environment.
 Setting up ETP,CETP and CDM to control
environment pollution
 Priority will be given to setting up of
industries considering disaster risk
 Encouraging entrepreneur to set up waste
processing industry
 Involving business and social organization
 No industry in agriculture land.
 Encourage industrialists to use 3R Strategy to
mange wastage.
Skill development
• Skilled Manpower Demand and supply
database will be set up to meet future and
present demand.
• Adequate training center
• The National skill development policy 2011,
The national technical and vocational
framework should be introduced to create
skilled manpower
• Formulation of courses and curricular by
private and public sector
• Introducing competency based tanning
• Recognize technical skill acquired form
outside the educational institution.
• Hand to hand training will be provided.

14. Implementation, monitoring and review
 The industrial policy has highlighted the potential environment for industrial
development following the existing laws and policies. The concerned government
agencies will review their existing laws and regulations.
 All government agencies will follow the National Industrial Policy 2018.
 A time bound action plan will be adopted for proper implementation of National
Industrial Policy 2018. That plan
 The concerned Ministries, Departments, Offices, Agencies and Private Sector
Institutions / Organizations will provide overall assistance to the Ministry of
Industries in the implementation. The time bound action plan can be changed and
expanded as required.
 To undertake moderate and final assessment activities have to review the overall
contribution of this industrial policy to the national economy