SIX priority industry clusters of the Department of Trade and Industry (DTI) more than doubled their investments and domestic sales last year compared with the previous year, exceeding expectations and creating 67,110 jobs.
In a statement, the DTI through its bureau, the Regional Operations Group (DTI-ROG), said the six National Priority Industry Clusters (NPICs) saw 157 percent surge in aggregate investments last year amounting to P3.317 billion while their overall domestic sales soared by 177 percent from the previous year to P4.53 billion in 2015.
These 2015 accomplishments were higher than the targets of P2.1 billion for investments and P2.55 billion for domestic sales.
The clusters also generated 67,110 jobs last year, created 3,294 micro, small, and medium enterprises and assisted 13,573 existing MSMEs. They also provided a total of 1,228 trainings to 26,422 beneficiaries.
The six NPICs are composed of rubber, coco coir, coffee, cacao, processed food (fruits and nuts), and wearables and homestyle (formerly tourism support industries).
The DTI’s Industry Clustering Development (ICD) program is a strategy for SME development in specific sectors or subsectors indicated in the Philippine Development Plan (PDP) 2011 to 2016.
The strategy is to focus on market and income potential of dominant or emerging industries to take advantage of domestic value chains.
The agency drafted action plans for the six NPICs, while it implemented two industry roadmaps for rubber and coco coir industries.
Of the six NPICs, the wearables and homestyle, cacao, and rubber subsectors had the biggest chunks of investments with 55 percent, 19 percent and 16 percent share, respectively.
In terms of job generation, wearables and homestyle employed the most with 21,072 workers, and assisted 7,958 MSMEs, followed by cacao with 11,794 jobs generated and 1,154 MSMEs assisted, and coffee with 9,908 jobs generated and 635 MSMEs assisted
Processed food created 8,923 jobs and assisted 2,586 MSMEs, while rubber had 8,253 jobs generated and 782 MSMEs assisted, and coco coir with 7,160 jobs generated and 458 MSMEs assisted.
This year, the DTI added the bamboo cluster to the NPICs, raising the number to seven priority industry clusters.
The DTI said the strategy for the ICD program is to have a value chain approach which seeks to strengthen the whole system, which are: enterprises, business relationships, market structures, and business environment, so that the benefits of the industries will be increased and shared.