News: Agri unit lines up P90-M investment proposals -
26 Nov 2010
The Philippines Agricultural Development and Commercial Corp. (PADCC) has lined up P90 million worth of agribusiness investment proposals for the Visayas region.
The agribusiness projects were presented during the first Visayas Agribusiness Market Place (VAMP) held last Nov. 22 at Sarabia Manor Hotel and Convention Center in Iloilo
PADCC president Mariz Agbon said “we chose Visayas to do the first regional Agribusiness Marketplace because it shows the rest of the Philippines that the National Convergence Initiative really works.”
A number of private investors and possible financial partners joined the market place. It was the perfect avenue for forging of agreements between the investors and proponents of the projects.
On top of the list is a P45-million project on abaca fiber processing and marketing as proposed by Barbaza Multi-purpose Cooperative.
There is an existing 378-hectare of abaca plantation in the local convergence agro-enterprise cluster of Central Antique covering five municipalities which has a huge potential for expansion.
Following the Abaca project is the Installation of a Sterilization Facility in the Negros Oriental Dairy Processing Plant (NDPP) amounting to P14 million. The project will produce 180-ml sterilized milk product in pouches that would last up to six months at ambient temperature.
This would be a boost to the food industry of Negros Oriental and would alleviate the livelihood of local dairy men.
Aside from these projects, the VAMP also presented projects for processing plants of cassava grates and flour, processing and marketing of native chicken, coco sugar, squash noodles, tilapia nuggets, jackfruit production and processing, organic peanut production and sibukao business for firewood, among others.
The VAMP was made possible through the assistance of the German Agency for Technical Cooperation or GTZ.
Source: www.PhilStar.com, by Marianne Go, 26 November 2010
Posted By: PhilCTTIS Data Center
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