Saturday, June 15, 2024

Baladna Eyes Investment In Dairy Facility In The Philippines

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Baladna Eyes Investment In Dairy Facility In The Philippines

3201

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A leading milk, dairy, and juice producer in Qatar is planning to establish a large-scale, fully integrated dairy facility in the Philippines, the Department of Trade and Industry (DTI) said.

In a statement on Friday, DTI said Trade Secretary Alfredo Pascual met with officials of Baladna in Qatar on May 16, to discuss the company’s possible investment in the country.

“The Philippine government stands ready to support Baladna to realize its planned investments in the country. Through a whole of government approach, the DTI and the Board of Investments are ready to facilitate business-to-business meetings and introductions to potential joint venture partners for Baladna,” Pascual said.

“Additionally, the Department of Agriculture (DA) is actively identifying suitable locations for the proposed dairy facilities,” he added.

During the meeting, Pascual said there is a substantial demand for dairy products in the Philippines, with imports amounting to almost PHP3 billion.

He said addressing this demand while supporting local production is a key priority for the current administration.

Pascual said the DTI will collaborate with the DA to craft policies that create a level playing field for all milk and dairy producers in the country.

“We look forward to the realization of this landmark investment. We are confident that together, we can Make it Happen in the Philippines,” he said. (PNA)