A businessman from Labasa has made a significant investment exceeding $3 million with the recent opening of two shops at the Damodar Complex. Vinesh Dayal has committed $3.8 million to acquire a block under strata at the complex, where he launched a Lunch Box outlet and leased additional space to Prouds, which is expected to open soon.
Furthermore, he has opened the area’s first lounge and bar, named Big Cats, promising to introduce a fresh entertainment experience for residents and visitors alike. Div Damodar, the owner of the complex, expressed appreciation for Vinesh Dayal’s vision and hard work, highlighting that the new establishment will positively contribute to the local development by creating job opportunities.
Mr. Damodar emphasized the strong potential for economic growth stemming from Dayal’s focus on sports, food and beverage, catering, and the development of new coffee shops. Minister for Trade Manoa Kamikamica noted the growing confidence among investors in the North, predicting that Labasa is poised to evolve beyond a mere regional hub into a vital component of Fiji’s economic advancements.
He expressed optimism about the future for the Northern Division, particularly with ongoing infrastructure improvements that are expected to attract more investment to the region.
This investment marks an exciting chapter for Labasa, showcasing the area’s potential for growth and development. It highlights the entrepreneurial spirit within the community and signals that more opportunities may soon arise for local businesses and job seekers.
In conclusion, Vinesh Dayal’s investments not only provide new amenities for the local population but also reinforce the belief that Labasa could be central to Fiji’s economic future.
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