Silicon Valley 4PL firm, OMEGA GTI expand operations in PH
The Department of Trade and Industry (DTI) welcomed the expansion of Omega Global Technologies, Inc.’s (Omega GTI) regional office in the Philippines on March 6. Facilitated by the DTI’s Philippine Trade and Investment Center in Silicon Valley (PTIC-SV), this expansion signifies the growth of the Silicon Valley-based comprehensive 4PL supply chain solutions firm, specializing in the global semiconductor and electronics sector. This milestone underscores the government’s push to highlight the country’s economic viability in the global electronics industries.
Omega GTI specializes in comprehensive supply chain solutions for the semiconductor and electronics industry. Notably, they operate a state-of-the-art lab that conducts testing of electronic components to verify their authenticity and quality.
DTI-Foreign Trade Service Corps’ Assistant Secretary Alma Argayoso and DTI Region IV-A Regional Director Marissa Argente attended the opening and networking reception of Omega GTI Asia, Inc.’s expansion. They emphasized the positive impact this expansion will have on local manufacturing, creating high-value job opportunities, and stimulating innovation in the electronics sector.
“Omega GTI’s expansion in the Philippines marks a significant boost to the country’s logistics and supply chain capabilities, reinforcing its role as a strategic hub for semiconductor and electronics manufacturing in the global value chain. This move also paves the way for deeper collaboration between Silicon Valley and the Philippines, driving innovation and investment opportunities,” said Trade Commissioner of PTIC-SV Kristine Umali.
In his speech, Omega GTI President Zedric Ochoa recognized the Philippines’ competitive edge in the emerging sector, stating, “Choosing the Philippines for this expansion was a strategic decision. This country is home to incredible talent, a strong work ethic, and a spirit of perseverance that aligns perfectly with our company’s vision.”
Omega GTI Asia, Inc.’s Executive Vice President (EVP) Jayson Alfonso echoed this sentiment, stressing the company’s goal to attract further investment from Silicon Valley to the Philippines. “This expansion is just the beginning, and we are committed to strengthening partnerships that will drive innovation, create jobs, and enhance the country’s position in the global electronics and technology industries,” said EVP Alfonso.
The electronics industry is a key driver of Philippine exports, benefitting from the government’s investor-friendly policies, infrastructure development, and skilled workforce.
These advantages are further reinforced by the implementing rules and regulations of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act, signed in February. This landmark legislation refines implementation guidelines, addresses investor concerns, and clarifies VAT zero-rating certificate eligibility and coverage.
The DTI is dedicated to driving opportunities by building robust linkages with potential foreign investors alongside leveraging its strategic initiatives to solidify the Philippines’ foothold in the global supply chain.
No comments: