Business

Calls for private-public partnership for small business growth

Government has called on the private sector to work closely with Government to take Fijian initiatives to the next level, to provide small businesses more than just inception assistance but support to maintain sustainable growth. Minister for Industry and Trade Hon. Faiyaz Koya made the comment while opening Vinod Patel’s Home and Living Lautoka branch […]

Newsroom

September 26, 2015 9:32 pm

Government has called on the private sector to work closely with Government to take Fijian initiatives to the next level, to provide small businesses more than just inception assistance but support to maintain sustainable growth.
Minister for Industry and Trade Hon. Faiyaz Koya made the comment while opening Vinod Patel’s Home and Living Lautoka branch today.

“We see companies, such as, Vinod Patel and Company Limited taking the role of mentors and working with the Fijian Government to provide the smaller businesses first-hand experience and knowledge of how to work towards becoming a successful business,” he said.

“Furthermore, larger companies’ role may not be limited to that of just mentors but you can also add the smaller budding entrepreneurs to your supply chain. This will not affect your bottom line but will enable you to source certain raw materials locally. Therefore, this creates a win-win situation for all, including the Fijian economy.”

Minister Koya added that in the New Fiji which is being built Government needs “to have all our stakeholders walk along with us, support us, and tell us where we can improve. We need to work as a combined and united group, as only then we will be able to achieve results that are beneficial for all Fijians”.

The opening of Vinod Patel’s Lautoka branch is the 15th and has promised to grow this further in the coming years to ensure its customers have easier access to high quality products.

Vinod Patel and Company Limited opened its first store in Ba in 1962 and currently are one of the largest locally owned company and have also successfully entered the Pacific market through the exports of their products.

Minister Koya added that Government was proud that Fijian companies were capitalizing on the strong economy and was an indication of the confidence in the Fijian Government’s policies and initiatives.

“It is also an indication that the policies and initiatives put in place by the Government are working well and achieving the desired results,” Hon. Koya added.

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