Freight company opens new warehouse

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Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum cut a ribbon to officially open the CGM Freights Pte Ltd warehouse in Naikabula Lautoka. Picture: REINAL CHAND

Refelcting the demand for freight service businesses in Fiji, a new $250,000 warehouse has been opened by local company CGM Freights Pte Ltd in Lautoka.

Company director Krishneel Kumar, during the opening on Friday, said this was part of the company’s ongoing expansion locally and internationally.

“At the age of 23, I was looking at the imports and exports trade in Fiji and I realised that trading was going to increase in Fiji,” he said.

“So I decided to go into shipping and open my office in Suva. He said there were many challenges in beginning with running a freight service.

“There were delays of cargo and clients growing frustrated, but we kept going despite those challenges.

“And then after a few years, we grew the business to facilitate trade from countries such as China which is about 67 per cent of our total importation at the moment.

“Then recently, when borders reopened in India, we opened the first Fiji owned office in Mumbai because we had about 37.2 per cent of our importation list coming out of India and the demand was growing because of the number of traders that export to Fiji.”

He said the company also opened an office in New Zealand to facilitate imports and exports to Fiji.

Mr Kumar added that there were plans to expand their operations across the Pacific region.

Chief guest and Minister for Economy Aiyaz Sayed-Khaiyum said businesses such as CGM Freights followed the right business model to create a successful business.

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