Conglomerate Metro Pacific Investments Corp. (MPIC) said its unit will spend anywhere between P800 million and P1 billion on “the Philippines’s largest greenhouse facility” in Bulacan which will churn out popular vegetables for Metro Manila. Know more:
Conglomerate Metro Pacific Investments Corp. said its unit will spend anywhere between P800 million and P1 billion on “the Philippines’s largest greenhouse facility” in Bulacan which will churn out popular vegetables for Metro Manila.
“I think there’s one thing that you will see consistent—our investments as part of this is technology. We’re bringing something new,” Hernandez told reporters on the sidelines of the ceremony to kick off the construction of the facility. MPAV is carrying out the project in partnership with Israel firm LR Group and its affiliate Innovative Agriculture Industry Ltd. The project involves technologies in urban farming, such as hydroponics, and drip irrigation systems, which require 90 percent less water, 90 percent less land and 90-99 percent less fertilizers and pesticides.
MPIC Chairman and CEO Manuel V. Pangilinan said the company will employ hydroponics, which has been around for some time.
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