THE Board of Investments (BOI), the investments promotion arm of the Department of Trade and Industry (DTI), is taking the industry roadmap localization initiative to Eastern Visayas to encourage industry players, entrepreneurs and local government units (LGUs) to craft their own localized roadmaps that can strengthen the region’s industries.
The BOI held a regional conference on Wednesday called “Industry Roadmaps and the AEC Gameplan: Roadmaps Localization for Competitiveness” to help regional industries and stakeholders, including the micro, small and medium enterprises (MSMEs) in crafting their localized industry roadmaps.
The conference presented opportunities in having local industry roadmaps so that stakeholders in the region can take advantage of the trade and investment potentials amid the Asean Economic Community (AEC) integration.
“Now that we have the Industry Roadmapping Program in place, we must seize opportunities with government acting as facilitator and coordinating with industry stakeholders in crafting the regional industry cluster roadmaps,” said DTI Assistant Secretary Rafaelita Aldaba, who discussed new industrial policies for competitive regional economies during the conference.
“These industry roadmaps will allow MSMEs to move up the value chain and actively participate in the vast AEC market,” she said.
Aldaba challenged the region’s stakeholders to formulate industry roadmaps that would create more high productivity jobs, speed up rehabilitation efforts, and transform the regional economy.
At the event, Sandra Marie Recolizado, who heads the BOI’s resource-based industries service division, discussed the proposed Ecological Industrial Zone in Leyte, which is a project under the Copper Industry Roadmap.
This proposed project is expected to house potential locators in the field of copper wire rod casting facility and downstream copper industry.
Leyte is home to the copper smelting and refining operations of the Philippine Associated Smelting and Refining Corp (PASAR), which operates the 425-hectare Leyte Industrial Development Estate in Isabel, Leyte.
PASAR is the country’s only copper smelting and refining firm and is one of the biggest in Asia. PASAR produces copper cathodes that are used in electronics manufacturing, one of the top 10 exports of the country.
Eastern Visayas has localized roadmaps focused on processed marine and meat products, and natural health products.
At the conference, three local roadmaps were presented by Clarita Lapus, president of Mama Sita Foundation Inc. on processed marine products; Francis Penaflor, BOI Sectoral Champion for Processed Meat, on processed meat; and Joracio Abelarde, chairman emeritus of the Chamber of Herbal Industries of the Philippines Inc.
The Industry Roadmapping Program is a BOI initiative in partnership with various industries and sectors in the development and implementation of industry roadmaps.
Crafted together with industry stakeholders and other concerned agencies, these roadmaps serve as the guidebook for each industry and assesses its performance, opportunities, and challenges. The roadmaps also outline the vision, goals and objectives, strategies, timelines, and various interventions an industry needs to be globally competitive.
To date, 40 sectoral roadmaps have been submitted to the BOI, 32 of which are already completed and currently being implemented, while the rest are still subject to enhancement or finalization.
The BOI, together with the DTI regional offices, has conducted nine regional conferences last year to push the localization of roadmaps in Iloilo, Cebu, Davao, Baguio, Tagaytay, Pampanga, Zamboanga, Palawan and Naga.
So far this year, regional conferences for the Ilocos and Cagayan Valley regions in La
Union and Tugegarao, respectively, have been held. Another conference will be conducted in Butuan for the Caraga region this year.
These conferences encourage localization of roadmaps in the regions, especially those industries that are dominant or thriving in the area, and their alignment and linkage with the national industry roadmaps.