Cash injection for industry in Fiji
05/01/2010
The government of Fiji has announced founding of $300,000 for the country’s footwear and textile sectors. The Textile Clothing and Footwear Council (TCFC) of Fiji said the money was a welcome boost because, over the past 12 months, its member companies had shed a combined total of more than 1,000 jobs and suffered a decline in exports.
TCFC president, Kalplesh Solanki, told local media that companies in the footwear and textile industries would use the money over a three-year period and said he was confident it would lead to an increase in orders for Fijian shoes, textiles and apparel from companies overseas.
He added that his organisation hoped the funding would help boost exports to a level above $150 million within the next three years and, over the same timeframe, increase employment by 6,000.
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