This paper documents the proceedings of "The First Roundtable Discussion (RTD 1) on Progressive Industrial Policy (PIP)," which initiates a critical dialogue on reorienting the Philippines' economic strategy toward inclusive and sustainable growth. The study explores the conceptual foundations of "progressive" industrialization, contrasting it with traditional market-driven models that have historically led to premature deindustrialization and persistent inequality. Key discussions center on the strategic role of the state in identifying champion industries, the necessity of integrating social and environmental standards into economic planning, and the importance of fostering domestic innovation through targeted investments in human capital and technology. By synthesizing insights from academics, government representatives, and sectoral stakeholders, the proceedings argue for a revitalized industrial policy that serves as a tool for structural transformation and social justice. Ultimately, the research highlights the urgency of building a resilient national economy that can navigate global disruptions while prioritizing the well-being of the Filipino people.