DTI launches first Aeromart summit in Clark

• Source: https://businessmirror.com.ph/dti-launches-first-aeromart-summit-in-clark/
• Thursday, June 7, 2018

By Ashley Manabat

CLARK FREEPORT—The first “Aeromart Summit Clark” hosted by the Board of Investments (BOI) of the Department of Trade and Industry was launched here on Monday.

In her welcome remarks, DTI Assistant Secretary Rafaelita M. Aldaba said the Aeromart summit features the growing capabilities and potential of the Philippines in aerospace manufacturing, aircraft maintenance, repair and overhaul and aviation training.

“We are pursuing the development of an integrated aerospace supply chain by further enhancing our capabilities in various segments of the industry and promoting the participation of our automotive, electronics and IT-BMP [information technology-business process management] industries in aerospace,” Aldaba said.

“We wish to replicate the successes of our companies that have diversified from other industries to aerospace and now they are our key partners in and stalwarts of the Philippine aerospace industry,” she added.

According to the DTI, the Philippines is projected to grow more than five times its current economic size to become the 24th biggest economy in the world by 2030.

“We are confident that the Philippine aerospace industry will play an important role in achieving this, especially with aerospace exports posting 42-percent growth from 2010 to 2016,” Aldaba said.

“From our end, we will continue to invest in the development of necessary infrastructures and in the development of our people to ensure inclusive and sustainable growth,” she said.

“Our government has also placed emphasis on the implementation of an Inclusive, Innovation, Industrial Strategy (I3S) which seeks to create globally competitive and innovative industries such as the aerospace industry, Aldaba said.

Two panel discussions were featured in opening day of the summit beginning with “Building a stronger Philippine aerospace industry” and “How to manage supply chain in Asia.”

Dr. Ceferino S. Rodolfo, DTI undersecretary and BOI managing head, also delivered a message as well as other speakers on the first day of the three-day summit.