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TURN BAMBOO INTO INVESTMENT OPPORTUNITY – LOPEZ

Government and private sector stakeholders converged to support the bamboo industry during the Philippine Bamboo Industry Development Council (PBDIC) meeting.

As Chair of the Bamboo industry council, Department of Trade and Industry (DTI) Secretary Ramon Lopez reported that various agencies like the Departments of Agriculture, Environment, Local Government, and Trade are aligning their various programs and connecting the dots in the value chain of the bamboo industry.

“These programs include from tissue culture, and planting materials developed by DA to plant propagation and greening program of DENR, to processing, product development and design and marketing by DTI,” Lopez said.

Several private organizations and advocacy groups will likewise merge their activities into the council’s programs. Moreover, being an agribusiness activity located at the countryside, the trade chief added that these activities are included in the Board of Investments BOI investment priorities plan or IPP that can enjoy incentives. 

“DENR’s National Greening program is targeting to plant 19,000 hectares of bamboo nationwide.”

The PBDIC is now also heavily supported by the House Deputy Speaker DV Savellano, being a staunch bamboo advocate for years.

“The DENR’s National Greening program is targeting to plant 19,000 hectares of bamboo nationwide,” the trade head said.

“With bamboo as a high-value crop, we can undertake various interventions.”

Department of Agriculture (DA) Secretary William Dar also expressed support for this effort in turning bamboo into an investment opportunity. Dar recently approved the DTI’s request of including bamboo as a high-value crop. The DA encourages farmers to plant high-value crops like mango, banana, coffee, and cacao as they are expected to generate more profit.

“With bamboo as a high-value crop, we can undertake various interventions that include research, processing and value-adding, and budgetary support, complementing the programs and projects of the PBIDC,” Dar said.

Bamboo takes only three years to fully grow as compared to 10 to 20 years for wood trees. The plant can be used as construction materials, as well as furniture and paper-making, among others, providing a good livelihood source for a community.

Lopez shared that investments are welcome at all stages of the value chain from nurseries to design studios.

Both secretaries also promoted the use of modern technology to quickly propagate and process the plant.

The agriculture chief meanwhile encouraged the participation of big businesses to partner and help the small farmers, to make the project more competitive and profitable.

Savellano who is PBDIC vice chaiman, shared that the bills filed aim to institutionalize the PBDIC and these are now being discussed at the 18th Congress. Savellano also committed to push for the bills at the bicameral hearings.

Senate Bill 524, proposed by Senator Juan Miguel Zubiri, aims to make bamboo a main export product by creating the Philippine Bamboo Industry Development Roadmap and the Philippine Bamboo Industry Development Council to provide the overall policy and program directions, and coordinate the activities of the public and private sectors.

The council will have an official launch to promote the country’s bamboo industry. The campaign will be named 5K: Kawayan, Kalikasan, Kabuhayan, Kaunlaran, Kinabukasan.

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