P600-B gross regional domestic product in Caraga possible in 10 years – DTI

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Due to its many potentials and rich natural resources, Caraga region will reach a targeted P600-billion gross regional domestic product (GRDP) within 10 years if potential productivity of agriculture, forestry, and fishery sectors are maximized.

“Local revenues and employment generation will also benefit Caraganons if the said potential areas will be tapped by all our concerned government agencies, local government units, business sectors and stakeholders,” disclosed Regional Director Brielgo O. Pagaran of the Department of Trade and Industry , in an exclusive interview with The Manila Bulletin yesterday.

He also stressed a point that with a total land area of more than two million hectares, Caraga region will yield great productivity potentials through quantifying a macro-development plan. “An additional P800 million is also expected from the fisheries industry especially through the utilization of dozens mariculture park zones located in various parts in the region, particularly in Surigao del Norte and Surigao City which City Mayor Estong Matugas and Gov. Atty. Francisco T. Matugas are utilizing now,” he said.

In fact, he said, to provide a more wholistic approach toward agro-agri productivity, DTI Caraga conceptualized and initiated Palm Oil and Agricultural Land Management for Economic Re-integration and Sustainability which is a development model and framework to develop, expand, rehabilitate and replant palm oil areas.“Palm oil industry is one of the eight national priority industry clusters and it will generate more income and employment opportunities in Caraga,” also said Jernalita “Jorge” P.

 

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