PH eyes production of agri machinery with help from S. Korean cooperative

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The Department of Agriculture (DA) has made significant progress in complying with the prerequisites for the establishment of an Agri-Machinery Assembly Center in the Philippines to be undertaken through the Korea Agricultural Machinery Industry Cooperative (KAMICO).

TIU LAUREL

The DA said officials of KAMICO visited sites in Cabanatuan, Nueva Ecija and Tiaong, Quezon last week to assess conditions offered by the local government units for the possible site of the project.

KAMICO officers then met with the DA for a wrap-up meeting and discussed the findings of their visits.

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DA Secretary Francisco Tiu Laurel Jr. said the project, expected to boost local food production, is a result of a memorandum of understanding signed last year between DA and KAMICO.

The project, with an initial investment value of $30 million and composed of three phases aims to establish a manufacturing plant to produce Korean agricultural machinery in the Philippines.

For the first phase, KAMICO will invite companies to produce rice farming machinery and establish parts of the supply system while the second phase is expected to attract additional companies and ensure technical cooperation with Philippine companies associated with Official Development Assistance — Technology Advice and Solutions from Korea.

For the third and final phase, the project will conduct technology transfer and cooperative production to local companies and undertake domestic supply and export promotion.

The DA said the project will also set the standard for agricultural machinery and equipment that will be made available for local farmers and subsequently be exported to other agricultural countries.

The agency said the establishment of an agricultural machinery production bases and industrialization infrastructure in the country will increase employment and promote specialization and advanced technology transfer among Filipino technicians.

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