Vision: Industrially developed middle income country.

Mission:  Accelerating Industrialisation 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.

Functions:

1. Formulating,implementing,monitoring and updating of appropriate industrial policy.
2. Providing services for registering patent,design and trademarks and strengthening activities in protecting intellectual property.
3. Developing small, micro & cottage industries.
4. Determining and harmonizing national standards in consistent with the international standards of commodities and services.
5. Standardization,examination and certification of products.
6. Establishing, developing and regulating Eco-friendly and safe industrial infrastructure.
7. Keep continuing production of salt ,sugar, fertilizer and other commodities.
8. Fortifying edible oil with vitamin A.
9. Providing policy support and other assistance to the development of ship building and ship recycling industries.
10. Enhancing productivity through providing training support to entrepreneurs on industrial management and technical know how.
11. Generating employment opportunities through accelerating industrialization in public and private sector and joint ventures.
12. Inquiring into the reason of non-profitability of state owned enterprises and conduct research on the unsuccessful ventures both in public and private sector.
13. Improving overall management of state owned enterprises.

Strategic Objectives :

1. Promote industrial growth and development.
2. Development of Standard with international level.
3. Eco- friendly and safe industrialization
4. Development of the high priority industrial sector.
5. Building entrepreneurship and skilled labor force.
6. Initiative to make profitable of non-profitable state -owned enterprises.
7. Attain efficiency in fertilizer production, procurement and distribution.
8. Stabilize market price with enhanced production of sugar and salt.