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In
one scenario, the internal rate of return (IRR) can be as
high as 46% while in another scenario, the total initial investment
can be recovered in as early as 2 years.
The
investment package guides investors in making profit out of
Lakatan by presenting a package of technology on banana production.
It also provides information on the industry, sources of planting
material, management of pests and diseases, and available
services.
The
book is an output of the Investment Package for the Production
of Quality Fresh Banana Fruits: Lakatan, Latundan, and Saba
Project coordinated and funded by PCARRD-DOST and implemented
by Cavite State Universtiy (CavSU) in collaboration with the
Provincial Governments of Batangas and Cavite.
At
the book launch, Cavite Modern Growers, Inc. (CMGI) President
Edilberto R. Silan thanked PCARRD for involving CMGI as a
project cooperator. CMGI has grown its membership from 28
in 2005 to more than 900 at present.
Former
Governor Juanito R. Remulla, member of the CMGI Board of Directors;
Secretary Estrella F. Alabastro of the Department of Science
and Technology (DOST); Executive Director Patricio S. Faylon
of PCARRD; and President Ruperto S. Sangalang of CavSU were
also there to grace the event.
On
the same event, Cong. Jesus Crispin C. Remulla, 3rd District
of Cavite distributed tissue-cultured ube (yam) seedlings
to farmers of Indang, Alfonso, Aguinaldo, Magallanes and Naic
in support of the ube production project in Cavite.
(Mercy Sisteberio, S&T Media Service)
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