• New furniture factory opens

    PRIME Minister Commodore Voreqe Bainimarama opened Pacific Green Industries new furniture factory earlier this week by highlighting the contribution the company has made and continues to make to the Fiji economy. Commodore Bainimarama also said one of the biggest undertaking's by the Sigatoka based company was the public floating which has now resulted in locals having the largest stake in one of Fiji's biggest global brands.

    "It is perhaps the only overseas-owned company that has converted into an enterprise with majority ownership by Fijian citizens and entities.
    As a priority, my government believes that new and strong businesses will bring increased opportunities to Fiji."

    "They grow our economy. They create jobs. They improve livelihoods. They establish brands that uphold the Fiji brand in the eyes of the world. Pacific Green does all of this. And the company did it all on its own, with committed management and staff. The passion of its founders has become the pride of Fiji," he said in his keynote address to local business leaders, government officials and Pacific Green management and staff at the factory opening event.
    The PM said because of its commitment in investing in Fiji, Pacific Green could take advantage of the many incentives offered by the Government to businesses in the country. This included a low 20 percent corporate tax rate and zero-rated tariffs on the purchase of new manufacturing equipment.

    "We have also gone step further. My government now puts Pacific Green coconut furniture in all our Embassies. The new Embassies in Brazil and South Africa are the latest examples. As Fijian Made products go out to the world, the benefits return home," said Commodore Bainimarama.

    He added that apart from providing a boost to the Fiji economy- the opening of the furniture factory and Eco Park would also increase job opportunities to skilled and non-skilled workers.
    "The Eco-Park brings new options for tourists. Fiji requires quality tourist attractions. This Park will add another dimension to the range of options on the Coral Coast. This creates the potential for even more jobs and tourist spend in the surrounding communities," he said.

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