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Philippines to revive body for industrialization plan

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An employee works on a machine inside a newly built product distribution warehouse in Cabuyao, Laguna, in this file photo. A council tasked to help the government craft a national industrialization strategy is set to be revived amid efforts to boost the manufacturing sector’s contribution to economic growth. AFP PHOTO/JES AZNAR

MANILA, Philippines—A council tasked to help the government craft a national industrialization strategy is set to be revived amid efforts to boost the manufacturing sector’s contribution to economic growth.

The Industry Development Council (IDC) comprising public and private sector representatives, which was created during the presidency of Fidel V. Ramos, has been “dormant” for some time but is set to be revived to help the current administration meet its economic targets under the Philippine Development Plan.

The Department of Trade and Industry (DTI), National Economic and Development Authority, Department of Finance, and Department of Science and Technology, as well as a representative from the private sector, make up the IDC.

Trade and Industry Secretary Adrian Cristobal Jr. said during the 2nd Philippine Manufacturers and Producers Summit that the industrialization strategy would take into account the integrated manufacturing road map that government has been preparing with stakeholders.

The government would like to convene the council in the first quarter, Cristobal said. The integrated road map for manufacturing is expected to be completed at about the same time.

Government wants to revive the country’s industrialization given the potential of basic industries such as copper, petrochemicals, and iron and steel, according to Cristobal.

Earlier this year, the DTI launched the industry road map initiative, which involves working with stakeholders to come up with plans to promote the growth of specific industries and the entire manufacturing sector.

A more robust manufacturing sector is seen to contribute more to the country’s gross domestic product.

“If we’re going to sustain growth in the next decades, there is opportunity for integrating to complete the gaps in the supply chain,” Cristobal said.

University of the Philippines School of Labor and Industrial Relations professor Rene Ofreneo said at the same event that having a strategy for industrialization could help the country expand its products.

“We have to invest in dialogue to discuss how we can revive our industries, and how we can be number two if not number one in Asia,” Ofreneo said.

Deutsche Bank analyst Rafael Garchitorena said in the same event that many foreign firms have been considering bringing their manufacturing operations in the Philippines because of stable labor costs.


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Tags: 2nd Philippine Manufacturers and Producers Summit , Adrian Cristobal Jr. , Business , Department of Finance , Department of Science and Technology , Department of Trade and Industry , industries , Industry Development Council , manufacturing , National Economic and Development Authority , national industrialization strategy

  • theoklab

    govt must give incentives and protect local manufacturers to encourage them. and also protect invention patents. 

  • http://profiles.yahoo.com/u/2AEB33X5SCRTP6TISUCMYLPQWY edong

    tama c Jimmy at romjov2009, kapag nagawa ng lahat yan ng gobyerno, kasunod na ang industrialisasyon, dahil di na dapat ipadala pa sa ibang bansa ang mga “RAW MATERIALS” natin at tayo na ang magpoproseso, di Industrialization na.

  • http://pulse.yahoo.com/_GG4T5UNZ3P7SCHSRNJ7PF5JZMM Jimmy

    Industrialization plan… my foot.!!!!!  Ayusin muna ninyo ang supply ng koryente at ibaba ang preso nito, sementohin ang mga karsada hanggang barangay, e-dredge ang lahat ng mga polluted at puro basurang ilog at lawa (Laguna Lake is dying), alisin ang mga iskwater sa tabi ng dagat, ilog, lawa at estero, karsada at mga riles ng tren, at ikulong o firing squad  ang lahat ng kriminal at korap sa gobyerno…. at magiging industriyalado ang Pinas kahit hindi pa ninyo hilingin..!!! OK…??? 

  • romjov2009

    industrialization means lower cost of electricity the government and private sector should join hands to build more power plants to support industrialization and more infrastructure like  roads  bridges ports and airports

  • http://pulse.yahoo.com/_SW6KXGNWNTZ2IU3DPAFIYIXNB4 CliffordM

    THE PHILIPPINES NEED MORE ON INDUSTRIALIZATION EXAMPLE IS PRODUCTION COST OF AGRICULTURAL MACHINERY AND TOOLS FOR MODERNIZATION.PRECISE TOOLING ARE IMPORTANT TO MACHINERIES AND EQUIPMENT TO LOWER THE COST OF SPARE PARTS.ELECTRO-OPTICAL WHICH ARE MORE USE ON MEDICINE,GAUGING,MILITARY AND APPLIED SCIENCES.



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