MORE affordable food on Filipino tables and thousands of new jobs across the country are on the pipeline after the Department of Trade and Industry (DTI), through its Board of Investments (BOI), granted Green Lane certifications to 31 food security projects as of Monday, June 30.
These projects, representing P18.7 billion in investments, are expected to generate over 7,000 jobs for Filipinos.
From modern breeder farms to a major coconut processing facility, these strategic investment projects will boost local food production while stimulating employment in agriculture and agribusiness. A single coconut processing facility alone is projected to employ 4,725 workers, while a set of breeder farms is expected to create 1,009 jobs.
“Our drive for food security goes hand in hand with creating sustainable jobs for Filipinos. This initiative directly addresses President Ferdinand Marcos Jr.’s directive to strengthen local production and lower food costs for Filipino families,” Trade Secretary and Board of Investments (BOI) Chairman Cristina A. Roque said.
Broken down, the 31 projects consist of the following: 17 breeder farms, eight fattening pig production facilities, a feed mill, a cold storage facility, a greenhouse vegetable production, an integrated dairy farm, a wean-to-finish farm, and the coconut processing facility.
DTI also noted that 17 of these projects are in the pre-development stage, seven are under construction, six are already operational, and one is in pre-operational status.
Since its launch in February 2023, the Green Lane initiative has approved 222 projects worth of a combined P5.75 trillion in investments through the DTI-BOI’ One-Stop Action Center for Strategic Investments. Collectively, these projects are forecast to generate over 319,000 jobs for Filipinos.
Of the 222 Green Lane projects, 176 are in renewable energy, 31 in food security, nine in digital infrastructure and public-private partnerships (PPP), and six in manufacturing.
The Green Lane was established to streamline and fast-track strategic investments that support the country’s sustainable development goals, including those related to energy and food security. PR