Regional News
P600-B GRDP for Caraga possible in 10 years, says DTI regional chief
BUTUAN CITY - The Department of Trade and Industry (DTI) revealed that 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 is maximized. DTI-Caraga Regional Director Brielgo O. Pagaran said that from its creation, the region started with only P29-billion GRDP in 1994 and reached P100-billion in 2019.
industry will earn Caraga an estimated P540-billion productivity. This was after considering the region’s capacity to produce bamboo and bay-ang for chopsticks, wood for biomass, and plywood, among others.
“If we dream of prosperity for all, we should set a target; if you cannot An additional P800-million is also quantify, you cannot target,” Pagaran expected from the fisheries industry said. especially through the utilization of mariculture park zones. He also pointed out that with a total land area of more than Pagaran is hopeful that with the 2-million hectares, Caraga will yield programs of DTI and support from the great productivity potentials through local government units and regional quantifying a macro-development line agencies, the 28 percent poverty plan. incidence in the region will drop. Pagaran further explained that for agro-industry alone, the 600-thousand hectare agricultural land can generate P60-billion, summing up the P50,000 annual productivity per hectare and the value added pegged at 100 percent.
In fact, to provide a holistic approach toward agroagri productivity, DTI Caraga conceptualized and initiated Palm Oil and Agricultural Land Management for Economic Re-integration and Sustainability (PALMERS) which is a development model and framework The region’s top DTI official also to develop, expand, rehabilitate and sees that the potential of the forestry replant palm oil areas. January 18-24, 2020
Caraga Infocus
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