• DTI, business council focus on auto SMEs

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    The Department of Trade and Industry (DTI) and the US-Asean Business Council (US-ABC) have taken steps to further develop small and medium enterprises (SME), particularly in the booming automotive sector.

    In a statement, the Trade department said it had co-arranged a workshop called “Supply Chain Readiness Training-Automotive Sector”, which seeks to help developing SMEs in the automotive segment.

    “The main objective of the workshop is to transfer information, knowledge and skills from multinational companies to broader Philippine small and medium enterprises (SMEs) on various good business, legal practices and solutions in enhancing their competitiveness,” the DTI said.

    The workshop will tackle practices and solutions to enhance competitiveness, which include opportunities to expand supply links and market access from domestic to regional and international levels via logistics and technology solutions.

    The workshop is in line with the government’s plan to boost the automotive sector, including the flagship Comprehensive Automotive Resurgence Strategy Program or CARS Program.

    The CARS Program seeks to support three model vehicles for mass production of not less than 600,000 units locally, or 200,000 units, within a six-year window. The program will allocate P27 billion in the first year, which will translate to a P9 billion production fund for each qualified unit in 2016.

    TheTtrade department last week opened the applications process for program.

    The DTI and US-ABC auto SME workshop will be held on January 29, Friday, at the Acacia Hotel in Alabang, Muntinlupa.

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