THE Board of Investments said on Tuesday that it has approved the registration of two
agribusiness investments worth P101.9 million.
According to Department of Trade and Industry Undersecretary and BOI Managing Head Adrian Cristobal Jr., the investments will boost agribusiness exports of the country, diversify the country’s sources of export earnings, contribute to the government’s $120 billion export target by 2016 and ensures jobs for small farmers and small and medium enterprises that are dependent on export activities.
Agriculture/Agribusiness and Fisheries investments are part of the regular list of the 2011 Investments Priorities Plan, the BOI’s catalog of priority activities for investment.
One of the noteworthy agribusiness investments approved by the BOI is the 90-percent Philippine-owned SN SMN Meat Products Corporation project which involves the construction of a P91 million meat processing plant in Pampanga. - ABS-CBN
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