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Pascual keen to develop domestic health industry

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Trade and Industry Secretary Alfredo E. Pascual has assured that development and promotion of the health industry will be a major thrust for development during the six year term of President Ferdinand Marcos Jr. administration.

Pascual was reacting to the challenge by Senator Pia Cayetano, author of the CREATE Law, if DTI would be open to creating an investment environment, such as tax incentives, for the health industry to flourish.

Pascual explained at the briefing that the health industry falls under the third pillar for the DTI 2022-2028 plan on health and life sciences, which includes healthcare services and various health products requiring investments for the establishment of healthcare facilities. Pascual assured Cayetano that DTI definitely welcomes any tools to facilitate establishments of enterprises in these industry clusters that we have identified. Pascual, who believes that only by industrialization that the country can produce higher quality and higher paying jobs.

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