BIG names in local industry are set to join business tycoons in the country in a gathering for the first Philippine industrial summit in Mindanao which will be held at a hotel in Cagayan de Oro City on November 25-27.
With the theme "Building the Industrial Philippines," the three-day summit will mark the jumpstart of an industrial revolution that will set the nation forward on a global economic platform.
The event is organized by the PIE-MO (Phividec Industrial Estate in Misamis Oriental) Industries Association, Inc. in partnership with Phividec Industrial Authority (PIA), a government-owned and controlled corporation.
PIE-MO Industries Association Inc., is comprised of a group of private companies and stakeholders based at the industrial estate.
"As neighboring ASEAN countries integrate advancements, the lack of it must keep our country in an industrial dark age and may prevent local industries from successfully penetrating the global market," Phividec administrator and chief executive officer, lawyer Franklin Quijano said.
Quijano said the Philippines has several major industries including manufacturing, agriculture, and electronics, among others.
He said many of these industries may have failed to appreciate and innovate in recent years and are unable to keep with the latest standards in technology.
The summit will be a gathering of tycoons from various industries, including leaders from private and public sectors, government agencies, policy makers, members of the academe, and the media.
Participants will engage in relevant discussions to establish networks, create a cohesive vision of a modern industry and share ideas on courses of action.
Quijano said the Philippines can pave its way towards globalization by modernizing local industries.
"We have so much potential industry-wise to meet consumer demands on a global scale. But we're caught by outdated practices. Through the acquisition of advanced technologies and the adoption of innovative practices, the country can achieve socio-economic development and become globally competitive. The upcoming summit makes us prepare for the future," Quijano said.