PH technoparks cited as ‘viable locations’ for investors
MANILA, PHILIPPINES — Department of Trade and Industry (DTI) Secretary Alfredo Pascual urges more investors to locate in technoparks as they are “viable and supportive locations” for emerging businesses.
During the groundbreaking ceremony of Batangas Technopark, Pascual explained that technoparks are investment destinations with dynamic industrial communities.
“These industries are engaged in manufacturing, automotive, electronics, assembly, and logistics, among others, which are on DTI’s priority list of industrial clusters,” Pascual said.
Technoparks are also known as hosts to light and medium non-polluting enterprises and highlight micro, small, and medium enterprises (MSMEs) — which comprise 99.5% of enterprises in the country.
Further, Pascual emphasized that technoparks help in employment generation within the Philippines as well as showcase the dynamic industrial opportunities present in the country that will further attract investments from the manufacturing, automotive, electronics, assembly, and logistics sectors.
As for the DTI’s participation within Philippine technoparks, Pascual said they continue “to create an enabling environment for domestic and foreign investments.”
The 55-hectare Batangas Technopark is Ayala Land Logistics Holdings Corp.’s (ALLHC) fifth industrial estate in the country. The development is targeted to be completed in Q2 2025 and is expected to attract a wide range of small and medium enterprises that will promote entrepreneurship in Padre Garcia, Batangas, and surrounding communities.
