LOILO CITY, June 29 (PNA) - The city and province of Iloilo have emerged as one growth area in the country where public and private partnership (PPP) is a major factor in the development of micro, small and medium enterprises (MSMEs) as the backbone of the local economy, according to entrepreneur Valerie Maravilla.
Maravilla, who is president of the Iloilo Small and Medium Enterprise Development Council (SMEDC), said the idea of PPP was inspired by President Benigno C. Aquino III to spur economic growth outside of Metro Manila through the private sector cooperation with government.
The council has more than 200 entrepreneur members in the city and province engaged mostly in agri-aqua, tourism, processed food, furniture, housewares and furnishings and IT-business process outsourcing.
The Iloilo Business Club (IBC) said the market-driven sector generates employment in the countryside, utilizes locally produced materials and indigenous resources, provides backward and forward linkages to local entrepreneurs, and presents potential investment and business opportunities.
Maravilla said local consumption and export products are realized with the leadership of private partners.
Maravilla said that Iloilo, as the port home base in Western Visayas, contributed largely to the national exports with its traditional products of coal, sugar, copper, processed fruits, flour-based products and other newly developed products.