A businessman in Labasa, Vinesh Dayal, has made a substantial investment exceeding $3 million in recently opened establishments at the Damodar Complex. Specifically, Mr. Dayal invested $3.8 million to acquire a block of property in the complex.
With this investment, he introduced a new Lunch Box outlet and has also leased part of the space to Prouds, which is scheduled to open on Wednesday. Additionally, he has opened the town’s first lounge and bar, named Big Cats, which will enhance the entertainment options available in the area.
Div Damodar, the owner of the complex, expressed gratitude for Mr. Dayal’s vision and hard work, noting that the new bar and eatery will significantly contribute to local development. He highlighted the positive impact this has had on job creation for the local community and emphasized the economic potential stemming from a focus on sports, food, beverages, and new coffee shops.
At the opening event, Minister for Trade Manoa Kamikamica remarked on the increasing investor confidence in the Northern region. He indicated that Labasa is poised to evolve beyond a mere regional hub and could emerge as a vital component of Fiji’s economic future. The Minister acknowledged ongoing infrastructure improvements in the North that are expected to attract more investors to the area.
This investment is a promising sign for Labasa, reflecting a growing enthusiasm for economic development in the Northern Division.
In summary, Vinesh Dayal’s investment not only brings new dining and entertainment options to Labasa but also signals a wave of renewed interest and confidence in the region’s economic prospects. As these developments unfold, the community can look forward to enhanced local employment opportunities and a vibrant future.
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