Mindanao is aiming for economic recovery after its development has been slowed down by the pandemic. In the coming years, the Mindanao Development Authority (MinDA) will focus its efforts on the agriculture and fisheries sectors–two of the region’s major industries.
Mindanao Economy to Bounce Back in the Coming Years
According to the Mindanao Development Authority, it will pursue agriculture and aquaculture projects funded by the European Union. By doing so, it also expects to address poverty in the region, boost productivity, and push the recovery of the economy. It is also expected that by focusing on those sectors, more jobs will be created and producers will generate higher earnings.
Over the years, the agriculture and fisheries sectors in Mindanao proved to be resilient. It has continued to post positive growth while other industries suffered greatly at the height of the pandemic.
Being in an industry that supports the basic needs of people, the agriculture and fisheries sector in Mindanao can overcome internal and external shocks. These sectors can recover faster regardless of calamities, disasters, conflicts or pandemic as food is vital for survival.
A Positive Sign for Investors
As Mindanao bounces back, manufacturers and investors will also be on the winning end. Mindanao supplies more than 40% of the country’s food requirements. It also contributes over 30% to the national food trade. The huge demand for agricultural and fisheries products in the region will also open opportunities for them.
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Elixir Supports Manufacturers and Businesses in Mindanao
Elixir Industrial Equipment, Inc., as a trusted supplier of world-class manufacturing equipment can support the needs of businesses in the Philippines, including those in the food industries in Mindanao. We supply, install, and service a wide range of equipment from trusted brands including those that are used in canning, food processing, inspection, packaging, and product coding. With our help, we can assist you in supplying high-quality agriculture and fisheries products such as fresh produce, dairy products, frozen goods, beverages, and more.
If you are an investor in Mindanao and wants to learn more about our industrial equipment, you can visit us in our branch in Mandaue City, Cebu or reach us through the following numbers: (02) 8 441 8116, (02) 771 921 34
