The Department of Trade and Industry (DTI) is targeting 400 additional shared service facilities (SSF) to regional agribusiness communities in a bid to support enterprises at the grassroots level, the agency said Thursday.
The DTI’s SSF Program provides storage facilities to farmers and producers, as well manufacturing equipment that will boost productivity. Direct beneficiaries are provincial cooperatives and micro, small and medium enterprises (MSME).
In a statement, Trade Secretary Adrian Cristobal Jr. said the DTI vows to provide 200 additional SSFs in the first half of the year, and 200 more in the second semester, totaling 400 SSFs for 2016.
Since the SSF Program began in 2013, 1,702 SSF projects in the country worth P776.53 million have been launched, benefiting at least 17,095 entrepreneurs and 72,619 potential small businessmen, DTI said.
These SSFs aim to improve the quality of products and productivity of entrepreneurs nationwide.
Trade Undersecretary Zenaida Maglaya said the department has budgeted P160 million for the 400 SSF projects set for this year— P60 million in the first half and P100 million for the second half.
“These initiatives are geared towards identifying and addressing supply chain gaps. By providing technical and institutional capacity building to MSMEs nationwide, we sustain the gains we have achieved in recent years to increase competitiveness and enable our entrepreneurs to access regional and global markets,” Cristobal said.
President Benigno Aquino III recently led the turnover of P15.6-million worth of SSF projects to at least 23 cooperatives in Dagupan City.
To date, there are 49 SSFs in Dagupan benefiting local entrepreneurs in fish and meat processing, bamboo production, metal craft, candle making, vinegar processing, dried fish processing, among others.