The Project “Supporting and Stimulating Growth of Competitive Industries” is funded by Serbian Chamber of Commerce (SCC) and it started in late April 2015. The aim of this project is to provide recommendations, necessary for creating targeted sectorial support, that will remove, or at least minimize the most binding constraints and untie untapped potential for growth of competitive industries. These recommendations should help Serbian government and Serbian Chamber of Commerce to quickly establish an improved information base for better targeting of industrial policies essential for revitalization of Serbian economic life, employment generation, and growth. The existing regular monitoring and projections of Serbian sector performances, needs and challenges are analytically weak and, more importantly, based on unreliable and incomplete economic statistics. However, this kind of information is essential for participants on Serbian market to act in a proper way.