Fiji Time: 11:07 PM on Friday 19 December

Fiji Times Logo

/ Front page / News

Division expects to earn $19m from investments

Salaseini Moceiwai
Friday, June 06, 2014

INVESTMENT Fiji has registered 48 foreign companies which have shown their interest to invest in the Northern Division since 2011.

In her presentation during the Macuata Provincial Council meeting yesterday, organisation representative Talica Ratulevu said out of the figure, 10 of the companies had started their businesses in Macuata.

Mrs Ratulevu said the 10 companies were expected to inject about $19million into the northern economy from their businesses.

She said the businesses ranged from exploration and mining works, agriculture, forests, electrification projects and manufacturing.

Members of the council were informed that Investment Fiji also assisted local businesses with securing markets overseas.

Mrs Ratulevu added they also assisted people who wanted to set up their businesses with foreigners in the country.

She has also advised landowners to always request their assistance to check for foreigners who were interested in investing on their resources.

Mrs Ratulevu said they would conduct financial checks for the investors on behalf of the landowners.

However, she said it was also good to allow foreigners to invest in the country because they would assist in contributing to developments in the country.