The Industrial Policy promotes a vision of a sustainable and broad-based industrial development in an effective and collaborative partnership of public, private and cooperative sectors to support poverty alleviation. 

The policy establishes the following objectives: 1) to increase export of industrial products with growth in national income and employment through enhancement of quality and competitive industrial products and productivity; 2) to increase contribution of industrial sector in the balanced national and regional development by mobilising local resources, raw materials, skills and means; 3) to establish industrial entrepreneurship as a sustainable sector by using latest technology and environment friendly production process; 4) to create strong basis of investment having developed productive human resources and managerial capacity.