A new multimillion-dollar industrial zone is being established in Vakamasisuasua, Labasa, with plans for 30 business and industrial lots. Spearheaded by local entrepreneur Edwin Chand, this development aims to significantly boost the local economy, generating millions and creating numerous job opportunities.
Trade Minister Manoa Kamikamica described this initiative as a transformative project for Labasa. He emphasized that the modern facilities will not only support thriving industries but also contribute considerably to job creation in the area.
According to Mr. Kamikamica, once fully functional, the industrial zone is projected to generate hundreds of jobs across various sectors, requiring both skilled and unskilled workers, particularly in construction and technical positions. He noted that as more industries set up in Labasa, the demand for skilled labor is expected to rise, benefiting the local workforce.
Moreover, the industrial zone is anticipated to attract businesses from other regions of Fiji and even foreign investors, marking it as a significant opportunity for local investment. Mr. Kamikamica highlighted the importance of this initiative in bringing needed investment to Labasa, which could lead to a more prosperous and diversified local economy.
This positive development not only promises economic growth but also reflects the potential for Labasa to become a hub for industry and employment, enhancing the quality of life for its residents.
Summary: A new industrial zone is being developed in Labasa by businessman Edwin Chand, creating 30 lots for businesses. It is expected to boost the local economy by generating millions of dollars and hundreds of jobs, attracting both local and international investment. Trade Minister Manoa Kamikamica hailed it as a transformative initiative for the region.
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