A businessman named Vinesh Dayal has recently made a significant investment of over $3 million to open two new shops at the Damodar Complex in Labasa. With a total spend of $3.8 million, Dayal purchased a block of land under strata at the complex. He has launched a new Lunch Box outlet and also leased part of the space to Prouds, which is set to open shortly.
Additionally, Dayal has introduced the town’s first lounge and bar, named Big Cats, which aims to enhance the local entertainment scene. Div Damodar, the owner of the complex, expressed gratitude for Dayal’s vision and hard work, emphasizing the positive impact these new establishments will have on the area’s development.
Damodar noted that the opening of the bar and eatery will create job opportunities for local residents, contributing to the community’s economic growth. He highlighted the promising potential for economic benefits driven by a focus on sports, food and beverage, catering, and new coffee shops being developed in the area.
Minister for Trade Manoa Kamikamica, speaking at the opening event, remarked on the growing confidence among investors to invest in North Fiji. He believes Labasa has the potential to evolve beyond a regional hub into a crucial component of Fiji’s next economic frontier. The Minister also indicated that ongoing infrastructure improvements in the Northern Division would attract further investments to the region.
This investment signifies a step forward for the Labasa economy, showcasing the community’s commitment to growth and development. It reflects a hopeful outlook for the region, promising new opportunities for both businesses and residents alike. The opening of new venues not only boosts the local economy but also enhances the quality of life, making Labasa a more vibrant place to live and work.
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