Page 35 - DTI Prosperity Plan 2022

4 4 Undertake targeted and more aggressive investment and export promotion for
priority industries

Increase local and foreign investments in the alone, the President has secured an estimated
industry sector particularly US$ 24 billion investments; US$ 15 billion of
Manufacturing and Construction by: which are in the areas of agriculture,
communication, infrastructure, manufacturing,
Implementing the Manufacturing transportation and tourism, while the
Industry Roadmap (MIR), and drafting and remaining US$ 9 billion is for credit facilities.
implementing the Construction Industry Exports to China, now currently valued at US$
Roadmap (CIR); 100 million is expected to rise significantly.

Modernizing incentive regime to We will also sustain the growth of
remove nationality- and export-biases, and investments in the services sector, specifically
make incentives more relevant to in IT-BPM, and Wholesale and Retail Trade by
investors and competitive with other major implementing:
ASEAN economies; and
PH Future-Ready Roadmap 2022 of the
Accelerating infrastructure spending to IT- BPM cognizant of the growth opportunity
7 percent of GDP, thereby promoting towards high-value added services
2017-2022 as the Golden Age of Infrastruc-
ture for the Philippines. Strategies to take advantage of the
population growth and changing
The prospects are great. In the first six demographics, technological advancement,
months of the administration, presidential rising urbanization, and expanding incomes
visits to China and Russia have resulted to that will further accelerate the growth of the
increased investments and exports. In China Retail Sector.

5 5 Intensify efforts to promote quality standards and encourage a culture of quality
consciousness

With the rapidly changing consumer environment, DTI needs to be unconventional and explore
new ways of doing things. The Department is now ready to move towards a higher level of
promotion of standards for more informed and quality conscious consumers

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