Fiji no longer an isolated economy: Kumar
30 June, 2019, 6:30 am
“FIJI is no longer an isolated island economy but an integrated hub of economic development.”
These were the words of Minister for Industry, Trade, Tourism, Local Government, Housing and Community Development Premila Kumar while launching the 2019 Prime Minister’s International Business awards last night.
Minister Kumar said investor confidence remained high with total investments maintaining contribution to the GDP of around 25 per cent.
“A total of 134 projects – both foreign and local, valued at $872.45million was implemented during the period August to April 2018/2019. This is expected to create 3575 employment opportunities for Fijians,” Mrs Kumar said.
“This transformation has brought about unprecedented benefits for our country. It has created investment opportunities, trade and economic partnerships, new jobs and continued development of our infrastructure,” she added.
She encouraged all types of businesses to apply for the awards.
“I encourage small businesses, young entrepreneurs, companies that have demonstrated remarkable success in the Fijian economy, to apply for the Awards. Keeping in mind, this is your awards and your achievements being celebrated,” she added.
This year marks the 27th year of the Prime Minister’s International Business Awards (PMIBA).