THE Department of Trade and Industry (DTI) is studying Mindanao as a third location for shipbuilding, apart from Subic and Cebu, to be supported with a program of incentives under the second phase of its Manufacturing Resurgence Program (MRP).
DTI Assistant Secretary for industry development and trade policy Rafaelita M. Aldaba told reporters that the department is currently drafting an incentives program for the shipbuilding industry to attract investors and boost local manufacturing, akin to the Comprehensive Automotive Resurgence Strategy Program for the auto industry.
“We are also preparing a support package which could build a maritime industrial heart in the country along with the promotion of the medium and small-sized vessels (which are roll-on, roll-off capable),” she said.
The MRP’s second phase – which runs from 2017 to 2021 – will focus on high-value added activities for industries such as iron and steel, chemicals, and fabricated metals.
Trade Secretary Ramon M. Lopez has said that with the MRP, the DTI believes manufacturing sector growth of 10% by 2018 is within reach. “The shipbuilding industry road map is still in its planning stage, and it will be tailored depending on the industry’s needs,” Aldaba said.
Lopez said the Subic and Cebu hubs are being planned around partnerships with Japanese and South Korean firms.