Business World

Bamboo industry targets 19,000 hectares for new plantation­s

-

THE Philippine Bamboo Industry Council (PBIC) plans to convert at least 19,000 hectares of land into bamboo plantation­s this year, including 13,000 hectares in the Western Visayas.

The government inter-agency group said in a statement Wednesday that the Department of Trade and Industry (DTI) will be providing shared service facilities for agri-businesses that venture into bamboo processing.

Trade Secretary Ramon M. Lopez, who chairs PBIC, said that bamboo plantation­s will be included in the department’s Roads Leveraging Linkages of Industry and Trade program, which aims to build plant-to-market roads to ease the delivery of products, especially from remote areas.

Agri-business ventures like bamboo production and processing are also entitled to tax incentives under DTI’s Strategic Investment­s Priorities Plan.

“Bamboo planting can provide a sustainabl­e source of livelihood to people in the countrysid­e. Since the plant grows quickly and is weatherres­ilient, it is an ideal business for farmers who are looking for alternativ­e sources of income,” Mr. Lopez said.

PBIC Vice Chairman and Ilocos Sur Representa­tive Deogracias Victor B. Savellano, a Deputy Speaker, volunteere­d his district for the pilot program.

He said the target areas for plantation­s will increase as various groups, including the Department of National Defense and some State Universiti­es and Colleges, are interested in planting bamboo on their properties.

The Department of Environmen­t and Natural Resources (DENR) also committed more than half of its national greening program to the propagatio­n of more bamboo, according to Environmen­t Secretary Roy A. Cimatu.

DENR will also provide training on bamboo production, and will offer loans with 2% annual interest for bamboo farmers through LANDBANK’s Agricultur­al Competitiv­eness Enhancemen­t Fund (ACEF) Lending Program.

DTI said that the plant, which takes two to three years to grow compared to the decades-long growth of wood trees, can be used for constructi­on, furniture, and paper-making.

In March, PBIC will launch its official campaign, known as “Kawayan, Kalikasan, Kabuhayan, Kaunlaran, Kinabukasa­n” promoting the bamboo industry. —

Newspapers in English

Newspapers from Philippines