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PIA Press Release
2010/09/16

Kalinga presents 5-point investment agenda

by Larry Lopez

Tabuk, Kalinga (16 September) -- As a primary investment fore-runner in the Cordillera Region, Kalinga recently came out with a 5-point investment platform aimed to boost business and income of the people.

Board Member Ghachay Claver, Chairman of the Economic Committee of the Sangguniang Panlalawigan, presented the investment framework during the recent Micro, Small and Medium Entrepreneur (MSME) Conference before business and line agencies group.

Topping the list is the setting-up of a Provincial Investment Promotion Center where business and investment procedures are simplified to reduce the cost of doing business, thus making the province investor-friendly place.

Claver informed that the Provincial Board has started its deliberations on the Provincial Investments and Incentives Code that would support the establishment of the center.

Second in the agenda is to prioritize development of tourism industry that would eventually pull-up other allied industries in the province, now booming as tourist destination in the North.

Kalinga lures tourists, foreign and local, with its white-water rafting adventure through the rapids of the Chico River.

When tourists start to flow-in, other industries would just follow to boom, Claver urged.

Putting-up of the Kalinga Technology & Livelihood Development Center (KTLDC) where product research and development activities take place is third in the agenda.

When more people come to the province, demand for local products naturally goes up, thus, the need for product development through the center, Claver said.

There is also the need to improve and expand infrastructure support facilities to make market outlets accessible for local products.

As answer to the observed high cost of power in the province, the investment agenda include development of renewable source of energy. This green growth strategy will enhance competitiveness of the province and ensure sustainable development, Claver stressed.

The final part is crucial involvement of the community in the implementation of infrastructure projects for them to develop sense of ownership and protection for government projects.

Under this, clustering of beneficiary areas is proposed to hasten fund sourcing for bigger infrastructure projects. According to the framework, this strategy would enhance coordination among beneficiaries and would check duplication of programs.

Claver admitted that with the investment framework put in place, people's participation is equally important as he called on both business and government sectors to join hands in making Kalinga an investment frontier. (PIA-Kalinga) [top]

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