The Philippines’ silk industry needs capital and government support in terms of promotion to take advantage of the huge global market, a government official said.
Cecile Soriano, administrator at the Fiber Industry Development Authority, said investment roadmap is being prepared and close co-ordination with other government agencies will be pursued.
“We are calling for a meeting with the Board of Investments and the Department of Trade and Industry,” she said. “We are seeking investors in textile mills because there is a ready market. We want them to know that we have a working plan for the industry.”
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