The Department of Trade and Industry (DTI) has provided support to small and medium enterprises (SMEs) in Misamis Oriental through the provision of shared facilities.
As part of DTI’s Shared Services Facilities (SSF) program, the agency provided P1.6-million worth of equipment to support SMEs involved in bamboo furniture making, abaca and banana chips production and processing for coconut products.
According to Delia Ayano, DTI provincial director, P40 million has been allocated for Northern Mindanao, which is expected “to answer SME’s needs for additional machinery and equipment to expand their business.”
For this year, the DTI allotted P700 million for the SSF project for “buying machinery and equipment for common use of beneficiaries, not only to improve the quality but also the volume of their production.”
The types of industries eligible to avail SSFs include: raw materials suppliers; processed tropical fruits; processed fish or marine products; leveraging industries supply chain; support industries and other agri-based industries.
“The SSF is open only to cooperatives, foundations and groups that are considered SMEs and not to particular individuals,” Ayano said.
Kristyn Nika M. Lazo