A businessman from Labasa, Vinesh Dayal, has made a significant investment of over $3 million by opening two shops at the Damodar Complex in Labasa. His total expenditure reached $3.8 million for a block under the strata title at the complex.
With this investment, Mr. Dayal launched a new Lunch Box outlet and has also leased part of the block to Prouds, which is expected to open soon. Additionally, he introduced the town’s first lounge and bar, named Big Cats, providing a fresh entertainment option for the community.
Div Damodar, the owner of the complex, expressed gratitude towards Mr. Dayal for his visionary approach and hard work, emphasizing the positive impact the new eatery and bar will have on the area’s development. The opening has also created job opportunities for local residents, showcasing the potential for economic growth through Mr. Dayal’s focus on sports, food and beverage services, and new coffee shops.
Minister for Trade, Manoa Kamikamica, noted that this investment reflects the growing confidence among investors to commit to developments in the North. He highlighted that Labasa has the potential to evolve into a significant economic hub for Fiji, thanks to ongoing infrastructure enhancements that are expected to attract further investments.
This development not only represents a promising opportunity for Labasa’s economy but also signals a hopeful future for the Northern Division, as local businesses thrive and new job prospects emerge.
In conclusion, Mr. Dayal’s investment is a testament to the growing optimism in the region and contributes to a brighter economic outlook for Labasa and the surrounding areas.
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