The Board of Investments (BOI) approved the P60-million hydroponics project of Denso Philippines Corp. to boost high-value crop cultivation and production.
Denso’s SMART agriculture project will soon operate in Ibaan, Batangas. The BOI approved the project under “agriculture, fishery, and forestry” sector of the 2022 Strategic Investment Priority Plan (SIPP).
“The project of Denso Philippines Corporation is a testament to our unwavering commitment to attaining food security in our country. True enough, these high-value crops will be significant in supporting urban areas and leveling up the country’s agriculture industry. This is only the beginning of more projects that will make food security happen in the Philippines,” said Trade Undersecretary and BOI managing head Ceferino Rodolfo.
Denso’s hydroponic farm proposes to produce micro-greens vegetables like kale, arugula, herbs and melons. The firm plans to supply farm produce to hotels, restaurants, online market, culinary schools and other food-related businesses in central business district areas.