The manufacturing sector of the Suva Chamber of Commerce is hoping that the government announces uniform protection for the local manufacturers when it announces the 2011 National Budget next Friday.
Chairman of the Manufacturing Sector and Flour Mills of Fiji Chairman, Hari Punja said there needs to uniform processes when decisions on the duty on imported items are made as they sometimes can have a negative effect on the local industry.
Punja also said with certainty on protection of the local industry, there will be business confidence and expansion.
Punja also revealed that they have made a submission in relation to the increase in electricity rates and are hoping that the government will give a positive response.
The Commerce Commission Chairman while announcing the increase in FEA tariffs a few weeks ago stated that businesses need to realize that they have to pay electricity rates that are not subsidized.
Doctor Mahendra Reddy said FEA cannot continue to supply electricity at lower rates than its actual cost to generate power.
Meanwhile Prime Minister, Commodore Voreqe Bainimarama will announce the 2011 National Budget next Friday.
Story by: Vijay Narayan
Feature
Protection of local businesses vital
