Powers and Functions.
Section 3
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.