The industrial sector of the economy is one of the most important growth factors of any country striving for economic development and prosperity. This has been recognized by the European Commission, which in recent years has emphasized industry as one of the drivers of economic growth and employment growth. However, this is not the case in Croatia and the question arises why in the highest act of strategic planning in the Republic of Croatia, in the National Development Strategy, the industry is underrepresented and how this will affect the long-term development of Croatia. This thesis analyzes the key strategies of Croatia and the European Union, namely the European Green Deal, the New Industrial Strategy for Europe, the National Development Strategy, and the Energy Development Strategy of the Republic of Croatia until 2030 with a view to 2050. The structure of each strategy has been analyzed, as well as its purposes and goals. The parts of strategies in which industry has a role are specifically studied, and the emphasis is put on the description of its contribution to green and digital transition and sustainable development. In Croatia, the potential of the industry is still untapped. By focusing industrial policy on the Fourth Industrial Revolution (Industry 4.0), global value chains, sustainability and inclusiveness and by investing in priority areas defined by European strategies, Croatian industry can reach its full potential and achieve the spillover effect on the rest of the economy.