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DA signs deal with foreign investors for banana plantation in Mindanao

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THE Department of Agriculture (DA) has signed an agreement with a business group backed by Russian and Swiss investors to set up a banana plantation in Camp Abubakar, the main base of the Moro Islamic Liberation Front in Mindanao.

THE Department of Agriculture (DA) has signed an agreement with a business group backed by Russian and Swiss investors to set up a banana plantation in Camp Abubakar, the main base of the Moro Islamic Liberation Front in Mindanao.

Agriculture Secretary Emmanuel F. Piñol said in a social media post on Thursday that a memorandum of understanding has been signed by the government with TechIron Resources, Inc. and Solway Investment Group Ltd. to develop the 7,000-hectare area in Camp Abubakar.

The group will visit the area next week to conduct surveys, soil tests, and aerial mapping, as the project is scheduled to launch on Feb. 16. The results of the surveys will be reviewed Mr. Piñol for validation.

See full article at Business World Online

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