The Department of Trade and Industry (DTI) is eyeing the development of industry roadmaps to boost competitiveness and economic growth. DTI Undersecretary for Industry Development and Trade Policy Adrian S. Cristobal Jr. recently announced that consolidating industry roadmaps will be done to determine key strategies, essentials when it comes to investments, and policy support needed towards competitiveness and growth.
The Philippines got the 75th spot in the World Economic Forum’s Global Competitiveness Report involving 142 countries.
Local business organizations are expected to provide an all-inclusive development plan that shows how the government can sufficiently support each industry. DTI will also collaborate with the private sector through several organizations such as the National Competitiveness Council (NCC), Federation of Philippine Industries (FPI), and Joint Foreign Chambers of the Philippines.
DTI eyes developing roadmaps for the following:
• electronics, ICT/BPO/call centers, shipbuilding, steel fabrication, mining, and plantation farming.
• small and medium enterprises (SMEs) agribusiness, tourism, processed food, handicraft, and manufacturing businesses.
• car/tire manufacturing and other industries with large scale potential.
According to Cristobal, DTI will help further develop the existing roadmaps of IT/BPO and electronics industries.