Japanese-led coffee project gets BoI nod as 1st MSE under IPP
PISTACIA MINDANAO Coffee Export, Inc. (PMCEI), AN 80%-owned Japanese firm, has been given the nod by the Board of Investments Extension Office (BEO) Davao for its P1-million coffee growing project, the first micro and small enterprise (MSE) project approved under the Export Activities of the 2017 Investments Priorities Plan (IPP). The project, according to a statement released by the Board of Investments (BoI), involves the production and manufacture of fermented coffee and cacao beans with an annual capacity of 2,250 kilograms (kg) and 750 kg, respectively. Commercial operation is scheduled to begin this month and all output will be exported to Japan. PMCEI specializes in producing high-quality agricultural crops, especially fermented coffee and cacao beans sourced from smallholder farmers. It would provide end-to-end support to smallholder farmers with access to technology and market. The project will be located in Barangay Managa, Bansalan, Davao del Sur. — Mindanao Bureau