The core members of Spardha ITC, headed by Syed Jamil Ahmed, are now engaged in ethnographic and performative research aimed at devising a Natyashastra for theatre performers of 21^st century Bangladesh, enmeshed as it is in globalization and neo-liberal economic order. It seeks to gather data from the performers of the indigenous theatre of Bangladesh, on all the categories discussed in the Natyashastra by Bharat Muni (i.e., playwriting, acting, bhava and rasa, performance space, costume design, music, lighting and props-making), and compare the data with Bharatamuni’s text in seminars, where scholars of the field will deliberate in order to arrive at a synthesis that draws equivalences of principles in both the sources, and then arrives at a synthesized and refined version. The version of the second order will then be subjected to further tests and comparisons on the most successful and thought-provoking performance theories from the traditional theatre of Asia (Noh, Kabuki, Bunraku and Beijing Opera), Africa and Australia, and the 20^th and 21^st century Europe and the Americas, to arrive at the final version of the Post-modern Natyashastra for Bangladesh. By this stage, it will have drawn on the most potent of all the three sources, i.e., the indigenous theatre of Bangladesh, the Natyashastra by Bharata Muni and the world theatre. The research is being carried out under the supervision of the Department of Theatre and Performance Studies (University of Dhaka), and is funded by Bangladesh Shilpakala Academy.