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The Board of Investments , in partnership with the Department of Agriculture , approved P9.59 billion worth of agricultural projects under the 2022 Strategic Investment Priority Plan.
“This collaboration between the BOI and the DA is a testament to our commitment to a competitive, innovative, and sustainable agricultural sector,” Pascual said. Some of the approved projects feature innovative technologies and sustainable practices such as Metro Pacific Dairy Farms Inc. which will utilize Israeli-inspired dairy farming principles, artificial intelligence and state-of-the-art equipment to produce over 9 million liters of dairy and plant-based products annually.
SL Agritech Corp. will focus on hybrid rice seed and palay production, increasing local farmers’ productivity and competitiveness, while Vifel Ice Plant and Cold Storage Inc. and Chick Haven Inc. will establish vital cold storage and hatchery facilities, respectively.
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