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Israeli firm vows agri funding to DA

AN Israeli firm has committed to the Department of Agriculture (DA) funds that will be used to invest heavily in various technologies to boost rice production and marketing. The commitment came after a recent courtesy meeting of the officials of Mima Tech and its local partner, Yovel East Research and Development Inc., with Agriculture Secretary William Dar at the DA’s central office Central Office in Quezon City. Mima Tech CEOs Isidor Gilan and James Amparo of Gilan Group and Yovel East said the financial aid included the establishment of state-of-the-art rice mills, soil rejuvenation technologies, irrigation systems, fertilization and spraying techniques, and seed cultivation. The two firms also offered loan facilities, payable in eight to 10 years at a maximum interest rate of 4 percent, which the DA can adopt.

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