DTI says gov't must offer perks to encourage local manufacturing of vaccines

BusinessWorld
April 16, 2021 | 7:07 pm
FIRMS considering domestic vaccine manufacturing will need faster processing and government procurement priority, the Department of Trade and Industry (DTI) said.
DTI Secretary Ramon M. Lopez, in a briefing on Thursday night, named four firms eyeing local production of vaccines, including coronavirus disease 2019 (COVID-19) vaccines.
“(The companies) will subscribe to all requirements and submit all the documents, kailangan lang ma-prioritize para mapabilis ang proseso ng pag-put up ng planta dito,” he said.
Mr. Lopez added that the companies would be taking business risks in putting up manufacturing facilities, especially if the government decides to buy products abroad.

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