Tuesday , April 24, 2018

Group formed to help Iloilo investors

INVESTORS who want to put up their business in Iloilo province are now assured of full support and guidance with the launching of the Iloilo Investment Facilitation Network (IIFN).

IIFN, spearheaded by the Iloilo Provincial Government, is composed of 24 National Government agencies (NGAs) that are in-charge of permitting, licensing, and regulatory services of the government.

Governor Arthur Defensor, Sr. and the heads of the agencies signed a memorandum of understanding (MOU) on Monday, February 27, to formalize the partnership.

IIFN is tasked to facilitate the processing and securing of licenses, permits, and incentives of existing and potential investors based on the mandates of the respective agencies.

The agencies include: Bureau of Internal Revenue, Department of Agrarian Reform, Bureau of Fisheries and Aquatic Resources, Department of Agriculture, Department of Environment and Natural Resources, Department of Health, Department of Public Works and Highways, Department of Tourism, Department of Trade and Industry, Environmental Management Bureau, Land Registration Authority, among others.

Defensor asked the cooperation and support of the concerned agencies amidst his administration’s bid to promote the province as an investment destination.

He is pushing for the establishment of economic zones preferably in the towns of Concepcion and Dumangas to bring in more industries and eventually employment to the Ilonggos.

Investors may visit the Local Economic and Investment Promotion Unit (Leipu) of the province located at ground floor of the Casa Real (old provincial Capitol) in order to get the needed assistance.

Leipu head Velma Jane Lao said their office has already helped more than 300 micro, small and medium enterprises (MSMEs) in the province.

They were also able to help foreign investors find properties for their business and assist them in accomplishing the required licenses and permits.

Lao said their services are for free and they are more than willing to help any local or foreign investors who may want to seek their help.
Provincial administrator Raul Banias noted that the creation of the IIFN is a strong manifestation of Gov. Defensor’s vision to make Iloilo a business-friendly province.

With the IIFN, Banias expects that the province will attract more investments that will further boost its economy and benefit the people in general. (PR)