Marikina solon bats for more funds to boost local footwear industry

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Marikina 2nd district Rep. Stella Quimbo is out to source additional funding for the local footwear, leather goods, and tannery industry saying that additional funds be sourced from a portion of the taxes collected from importing footwear products.

A shoe factory in Marikina City doubles its production on Friday, Aug. 12, 2022 due to high demand of black shoes for the opening of face-to-face classes on Aug. 22, 2022.

“Kasi kung walang ganung mechanism then talagang we really need to create fund, right?” she told her colleagues and resource speakers during the hearing of the House Committee on Creative Industry and Performing Arts on Tuesday, Oct. 18. Quimbo said her bill, which is a proposed amendment to an existing law, will “improve upon the existing law particularly because the developmental incentives in the existing have already lapsed”.

 

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