NDC ap­proves 20-hectare Davao food com­plex ven­ture

Manila Bulletin - - Business News - By BERNIE CAHILES-MAGKILAT

Na­tional De­vel­op­ment Com­pany (NDC), the in­vest­ment cat­a­lyst arm of the De­part­ment of Trade and In­dus­try (DTI), has ap­proved the im­ple­men­ta­tion of the Davao Food Com­plex (DFC) de­vel­op­ment, a 20-hectare agri­cul­tural eco­nomic zone land in Brgy. Dalio, To­ril in Davao City.

Trade and In­dus­try Sec­re­tary Ra­mon M. Lopez, who is also NDC chair­man, said the pro­posed DFC will in­clude food pro­cess­ing cen­ters, cold stor­age and ware­hous­ing facilities with tourism at­trac­tions that will show­case the pro­cessed agri­cul­tural prod­ucts of the re­gion.

Agri-aqua cul­ture for ornamental fish and hatch­ery fa­cil­ity, tech­nol­ogy and busi­ness in­cu­ba­tion cen­ter, as well as wa­ter fil­tra­tion and bot­tling fa­cil­ity for potable wa­ter-re­lated en­ter­prises are also be­ing planned in the com­plex, ac­cord­ing to the trade chief.

With tourism com­po­nent, the DFC will fea­ture “dampa type” restau­rants, fes­ti­val mar­ket­place, recre­ation parks and food re­tail out­lets.

The DFC site forms part the en­tire 25-hectare land owned by NDC, with the other five-hectare cur­rently be­ing con­verted to the Davao Agri-Trad­ing Cen­ter (DATC), whose com­ple­tion is now at 40 per­cent, thus mak­ing the site of the DFC project more strate­gic and sus­tain­able.

“Do­ing this can re­duce post-har­vest losses and spoilage by as much as 20%, val­ued at R240 mil­lion per year. It will also gen­er­ate em­ploy­ment of about 3,300 em­ploy­ees based on 220 per hectare la­bor force den­sity in in­dus­trial es­tates,” said Lopez cit­ing the project’s eco­nomic ben­e­fits.

Other ben­e­fits in­clude in­crease in value of pro­duc­tive lands in the area, in view of the im­prove­ment of lo­cal econ­omy; sav­ings in dol­lar re­serves due to re­duced vol­ume of im­ports of fruits and veg­eta­bles; main­te­nance of qual­ity prod­ucts and good mar­ket price; and in­crease in tax rev­enue.

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