2014 investment plan to focus on supply, value-added chain-A A +A
Sunday, May 18, 2014
INVESTMENTS that will benefit the value added chain and fill-in the gaps in the supply chain will be the focus areas of the 2014 Investment Priority Plan (IPP).
Ma. Corazon Halili-Dichosa, director for industrial policy development of the Bureau of Investments, said in an interview with Sun.Star Davao on Wednesday that the list of priority investment areas are much more specified this year to close the gaps in the supply chain and improve the value added chain.
"In the previous IPPs, we simply list the priority investment areas. Now we are more specific of what industries are priority investment areas," she said.
Dichosa said in the previous IPPs, the list tends to be broad. For example, under agriculture they would simply list down commercial production, commercial processing, and added services.
For the 2014 IPP, they are much more specific as to what industry, in a certain sector, they want investments in. For example, under the agriculture and fishery sector they have identified the following as preferred investment areas: extraction of natural ingredients, mechanized agriculture support services, and agriculture infrastructure.
"In thus IPP, we did not only list what industry is a preferred investment area but we listed industries that will add value to the products and fill in the gaps of the supply chain," she said.
They have come up with a preliminary list of preferred investment areas, they are: manufacturing, agribusiness and fishery, services, economic and low cost housing, energy, public infrastructure and logistics, and private-public partnership (PPP) projects. They further identified specific priority investment sectors under these areas.
Dichosa said the list is just a preliminary and they might add more a long the way.
Aside from the preliminary list, they continue to include the common investment areas like renewable energy, information and communication technology, tourism, and export, among others.
The 2014 IPP is also aimed to increase employment opportunities, promote higher value adding activities and deeper SME participation in the supply chain; and strengthen participation in global and regional production networks including ASEAN economic community.
The IPP was conducted through a series of consultation with both the private and public sectors.
Dichosa presented the 2014 IPP last May 13, 2014 at the Pinnacle Hotel and Suites during a consultation with the public and private sector in Davao City.
Published in the Sun.Star Davao newspaper on May 19, 2014.