The Philippine Board of Investments (BOI) is planning to draw foreign aerospace investment in the country after Daiwa Seiko Philippines Corporation (DSCPC) received its aerospace standard (AS9100D) certification.
BOI Executive Director Ma. Corazon H. Dichosa said in a statement that “developing a pool of AS9100-certified parts suppliers is also key to attracting foreign aerospace companies to set up manufacturing operations in the Philippines.”
The agency has been running an aerospace quality management training program since 2017 with DSCPC and 18 other companies in its roster.
With this new achievement, the aerospace industry roadmap is forecasted to generate $2.57 billion in parts and components exports and aims to employ an estimated 15,000 workers by 2022.