SEC. 3. Powers and
Functions.—The Department shall have the following powers and
functions:
Coordinate all activities of the government relative to
industry;
Encourage, guide and if necessary, regulate the establishment,
growth and expansion of large-scale industries and firms within these
industries;
Adopt guidelines, subject to the approval of the President, and
implement them for rationalization of certain industries whose continued
operation will result in the dislocation of and/or overcrowding in said
industries, thus, retarding economic growth; upon approval of said
guidelines by the President, the Department or the Board of Investments,
upon request of the Department, shall implement such guidelines and
may, in appropriate cases, after due notice and hearing restrict,
either totally or partially, the importation of any equipment or raw
materials for firms in the industry not conforming with the prescribed
guidelines;
Coordinate with the Board of Investments with respect to the
implementation of rationalization schemes adopted by the Board by virtue
of its powers under Sec. 16(1) of E. A. 5186;
Coordinate with other government agencies, particularly the
Department of Trade, for the increase in exports of recently established
lines of manufactured products;
Assist investors, foreign or domestic, in desirable industrial
projects, whether registrable with the Board of Investments or not, to
have their papers processed with dispatch by all government offices,
agencies, instrumentalities and financial institutions;
Promote cooperation in desirable industrial undertakings on
complementation basis in the Southeast Asian regions;
Encourage the establishment, growth and expansion of medium and
small-scale industries particularly in rural areas through effective
assistance and guidance in the manufacture of the industrial products
concerned;
Coordinate and integrate all technical, financial, marketing,
purchasing and promotional assistance of the government for medium and
small-scale industries;
Establish consultation on an institutionalized basis with the
private industrial sectors to encourage their participation in planning
and implementation for industrial development, in pursuance of
objectives established by the government;
Prescribe and enforce compliance with such rules and regulations
as may be necessary to implement the intent and provisions of this
Decree, which rules and regulations shall take effect immediately
following their publication in two newspapers of general circulation in
the Philippines;
Conduct investigation, hearing and inquiry and for this purpose,
issue subpoena and subpoena duces tecum to compel the attendance of
witnesses and the production of the necessary papers and documents;
Require any person or entity to submit to it such report, data,
information, paper, or document it may deem necessary in the exercise of
its powers and functions;
Establish, in accordance with pertinent laws, such advisory
committee as may be appropriate for purposes of consultation and advice
to the Department in the performance of its functions;
Perform such other functions as may be necessary to carry into
effect the provisions of this Act; and
Perform such other functions as may be provided by law.
