THE Department of Trade and Industry (DTI) said it received expressions of interest from a Czech technology to engage in Philippine partnerships in electronics manufacturing, information technology and business process management (IT-BPM), and defense.
In a statement, the DTI said that it met with representatives of ERA, a surveillance and reconnaissance technology company, which plans to establish a presence in the Philippines.
“ERA’s plans align perfectly with the Philippines’ strategic vision for economic development,” Trade Secretary Alfredo E. Pascual said.
“We’re excited about the immense potential for collaboration and technological knowledge transfer between ERA and other leading industrial players,” he added.
ERA has said it hopes to tap the Philippine electronics industry, which includes over 1,000 companies and employs 3 million workers.
The DTI also said that ERA also finds the Philippine IT-BPM industry talent pool attractive.
“(This provides) a reliable pool of talent for companies like ERA seeking to expand their operations in the Philippines,” the department said.
ERA also expressed interest in military and civilian security ventures in the Philippines.
On Saturday, the DTI also reported that the Philippine delegation signed three partnership deals at the Philippine-Czech Business Forum in Prague.
One of the agreements was signed between the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. and the Electrical and Electronic Association of the Czech Republic.
The second memorandum of understanding was signed between the IT and Business Process Association of the Philippines, Inc. and the Confederation of Industry of the Czech Republic.
The last deal was between the Philippine Chamber of Commerce and Industry and the Confederation of Industry of the Czech Republic. — Justine Irish D. Tabile
Source: https://www.bworldonline.com/economy/2024/03/17/582356/czech-company-expresses-interest-in-phl-electronics-infotech-defense-tie-ups/

Czech company expresses interest in PHL electronics, infotech, defense tie-ups