The document discusses the history and development of industrialization in Bangladesh. It outlines the country's transition from an agrarian to manufacturing-based economy through several stages beginning with the invention of steam power. Industrialization has contributed to economic growth, increased productivity, employment, and improved living standards. However, Bangladesh still faces challenges like a lack of skilled labor, entrepreneurship, and infrastructure as well as issues around child labor and management. The government aims to further industrialization through various policies and plans to achieve middle-income status by 2030 and developed country status by 2041.

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.