P13.3M already spent for Davao SSF projects-A A +A
Wednesday, October 23, 2013
THE regional office of the Department of Trade and Industry (DTI)-Davao already spent P13.3 million or 39 percent of the P34 million allotted for the shared service facility (SSF) program in the region as of September 2013, an official said.
DTI-Davao Director Marizon Loreto, in an interview with Sun.Star Davao on Tuesday, said the amount has been utilized for the implementation of 25 SSF projects in Davao Region. The region has 31 approved SSF projects that are to be implemented before the year ends.
Some SSF projects approved for Compostella Valley are facilities for a virgin coconut oil (VCO) production, coco sugar processing, upgrading for jewelry sector, and for bamboo crops. For Davao City are for coco choir, banana powder, abaca fiber, and meat processing.
For Davao del Norte, approved SSFs are for food packaging, cacao tablea, banana powder, banana fiber, and vermicomposting.
Some of Davao Oriental's approved SSFs are for swining, weaving, and bamboo processing while Davao del Sur's are coco vinegar, coco shell craft, cacao beans production, and coffee processing.
Loreto said with newly-approved SSF projects, she is optimistic that the total amount intended for the region's SSF can be utilized before the year ends.
"Last October 4, we had a meeting with the regional technical group and the industry stakeholders and we have approved an additional 20 more SSFs," she said.
She added that the facilities will be delivered sometime November and December this year.
Loreto siad the SSFs are designed to help small and medium enterprises increase their productivity, quality, and also competitiveness.
She said that the SSF is geared more on the value adding component of the production.
Published in the Sun.Star Davao newspaper on October 23, 2013.