The recent increase in tax-free zones in Rakiraki has been seen as a significant step toward enhancing business growth, according to prominent businessman George Shiu Raj. He pointed out the challenges facing the local population, including a high cost of living, and stressed the importance of government-backed tax incentives to encourage further development in the province of Ra.
Mr. Raj noted that while the previous government had pushed for tax-free zones, the bureaucratic hurdles involving documentation have hindered progress. He appealed to the current government for flexibility in facilitating investments, especially as Rakiraki has shown promise in attracting large-scale business investments, particularly in the tourism sector.
These sentiments resonate with recent developments in the area. The opening of the Shop Plus Supermarket, another venture by Mr. Raj, exemplifies how local businesses can thrive and create job opportunities, offering a new shopping experience that caters to the community’s needs. This supermarket has been recognized as a pivotal investment, generating over 40 new jobs with 80% of those positions filled by women, highlighting a commitment to gender inclusivity in the workforce.
The government’s push to establish more tax-exempt areas aligns with efforts to revitalize Ran, particularly following hardships faced by locals after the closure of the Rakiraki sugar mill, which had previously impacted job security in the region. As local entrepreneurship flourishes and new businesses emerge, they present a hopeful outlook for economic growth and community empowerment, raising the standard of living for residents.
Engagement and support from the government in fostering these developments could lead to broader economic resilience in Fiji, as the focus on local investment and job creation takes center stage in recovery efforts.
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