The Department of Trade and Industry (DTI) has invited Japanese investors to pitch US$14.07 billion worth of investments for the supply chain and logistics industry in the Philippines.
In a virtual event, DTI Secretary Ramon Lopez said that this venture will help extend the “capacities of the industry’s warehouse and cold storage facilities, in addition to its container years and integrated logistics depot.”
The trade chief also highlighted several investment opportunities in the construction sector, noting the industry’s US$1.6 billion revenue in the first quarter of the year.
Additionally, the Japanese business community is urged to invest to address the housing backlog and the increasing demand for healthcare facilities in the country amid the pandemic.
Further, the secretary mentioned the Philippines’s strong manufacturing and services sectors that contribute significantly to the country’s GDP.
Lopez stated that “the country is ready to Make It Happen for Japanese manufacturers that rely on innovative product design, high-quality standards, and world-class manufacturing workforce.”