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Damodar expands

Ropate Valemei
Monday, January 07, 2013

WHILE the $30million Damodar City Centre is still a work in progress, its owners are already looking at opening a similar complex in the Northern Division.

Damodar Brothers (Films) Limited chief executive officer Div Damodar revealed future plans for the company on Friday saying the next project could be the establishment of Damodar City-Labasa.

"Our focus for 2013 is Damodar City in Suva. Once the centre is completed and up and running then we can focus on our next project which is likely to be the development of Damodar City in Labasa," Mr Damodar said.

He said developing a shopping centre was not a simple task as it required extensive planning, marketing, technical input, co-ordination and operational planning.

"We have very big plans for the future. We are also concentrating on the Suva-Nausori corridor for future development projects," he said, hinting at the possibility of opening a cinema in Nadi.

Though it is not yet known when this projects were expected to eventuate, Mr Damodar said the budget for those projects would be announced at the appropriate time.

As an investment company, he said they were constantly looking at opportunities. He said it was encouraging to see the many incentives provided by government in the 2013 National Budget.

"Many other businesses are also doing the same either via expansion of their current business or embarking on new ventures," he said.

He said the new projects would create employment, allowed more funds to circulate in the economy, create other spin-off benefits and enable greater tax dollars for government.

"A successful economy essentially requires two main ingredients and that is an attractive business environment to entice the business sector to invest and a strong base infrastructure," he said. Damodar City Centre is expected to open in the first quarter of this year following delays to construction works because of the stoppage of cement supply.





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