CALAPAN CITY, Oriental Mindoro – A Japanese government-owned corporation has chosen the town of Gloria, this province, as the future site of a multi-million agri-aquamarine culture complex that will directly export its products to Japan and the global market.
The Japanese government entity, Tokushima Auction Market, through its subsidiary, Global Trade Venture Company Ltd. (TAM-GTV), on Wednesday, Nov. 2, entered into a Memorandum of Understanding (MOU) with the local government of Gloria to start the agri-aquamarine concession project in Barangay Manguyang.
Gloria Mayor German Rodegerio said TAM-GTV is the biggest investor so far that came to their town this year which he said will definitely provide job opportunities and income to his constituents.
The municipal council, through a resolution, has authorized Rodegerio to enter into the MOU after which it will be formally made into an agreement to pave the way for the start of the 25-year project.
Yoshihisa Arai, president and chief operating officer of TAM-GTV, said their company has 17 concessions that will use state-of-art technology and especially-designed materials from Japan.
Arai said that in the aquamarine concession, the company will introduce typhoon-proof fish cages that will use artificial intelligence or aqua robots which will be powered by their own electricity system.
Rodegerio thanked Engineer Virgie Magante for bringing the project to their town and allowing the use of a 20-hectare property owned by her family for the initial phase of the project.