CALAMBA CITY, Laguna, Jan 26 (PIA) –The Department of Trade and Industry (DTI) and the municipal government of Cardona have signed an agreement that would provide a shared service facility (SSF) needed for the operation of a bamboo primary processing center or model in the locality.
The facility will be jointly funded by the local government and the DTI through the 2012 One Town One Product (OTOP)-Flagship fund for the bamboo industry in Rizal.
The municipality of Cardona has identified the bamboo industry as among the priority industries to be enhanced and sustained through the provision of necessary financial, technical, logistics and minor-infrastructure support where bamboo livelihood projects are among the priorities under the local and regional economic development (LRED) under the initiatives of the local government of Cardona.
The LRED is an initiative wherein public and private stakeholders in the locality jointly mobilize people to make them work together to offer change and improve conditions for economic growth and generate employment.
DTI-Calabarzon regional director Marilou Quinco-Toledo, Cardona Mayor Bernardo P. San Juan and Generoso H. Francisco, chairman of the Balibago Multipurpose Cooperative, Inc. Balibago, Talim Island, Cardona, Rizal signed the agreement last January 24.
The agreement stipulates that DTI through the Big Push for micro, small and medium enterprise (MSME) development program and the local government of Cardona will allocate P75,000 and P100,000 respectively for the provision of processing or manufacturing tools, equipment and machines for the common use of the MSMEs in the bamboo industry cluster.
On the other hand, the Balibago Multi-purpose Cooperative, Inc. shall provide the requisite personnel; ancillary facilities, site and building for the tools, equipment and machines; seed money for initial operating expenses; and to operate the facility effectively and sustainably.
Moreover, DTI shall facilitate the development of the competencies of personnel that will operate and manage the facility and the Cardona LGU to provide additional services and logistical support. (CPG/Charlie S. Dajao, DTI-Calabarzon)