A businessman from Labasa, Vinesh Dayal, has made a significant investment of over $3 million to establish two new shops at the Damodar Complex in Labasa. He allocated $3.8 million to purchase a block under strata ownership, and with this space, he has launched a new Lunch Box outlet. Additionally, he has leased a portion of this space to Prouds, which is anticipated to open its doors this Wednesday.
In a move aimed at enhancing local entertainment options, Mr. Dayal has also rented space to introduce the town’s first lounge and bar, named Big Cats. This establishment is expected to bring a fresh entertainment experience to the area.
Div Damodar, the owner of the Damodar Complex, expressed his gratitude towards Mr. Dayal, commending his vision and hard work in bringing these new offerings to the community. He emphasized the positive impact that the new bar and eatery will have on the local development, highlighting the job opportunities created for residents.
Minister for Trade Manoa Kamikamica remarked on the increasing confidence of investors in the Northern region, suggesting that Labasa has the potential to evolve beyond a regional hub, potentially becoming a key component of Fiji’s economic growth. He noted that ongoing infrastructure improvements would attract even more investments to the area, signaling a promising future for the Northern Division.
This development marks a hopeful chapter for Labasa, as new businesses not only enhance the community’s entertainment and dining landscape but also foster local employment and economic growth. Overall, the investments reflect a broader trend of revitalization and optimism for the future of the region.
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