PM Modi Announced USD 10 Million Fund for MSMEs of Fiji Island

PM Modi Announced USD 10 Million Fund for MSMEs of Fiji Island

A press statement quoted the MoU signed between India and Fiji. It read that the amount is a commitment from India towards the development of the Micro, Small and Medium Enterprises in Fiji.

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The Indian Government will be extending an assistance of over 10 million dollars to the Micro, Small and Medium Enterprises (MSMEs) in Fiji. The amount was announced earlier by PM Modi during his visit to Fiji.

Following which the Indian high commissioner to Fiji, Vishvas Sapkal recently handed over the instalment of the commitment, amounting to 0.58 million dollars. The high commissioner met the Minister for Industry, Industry, Trade and Tourism, Lands and Mineral Resources Faiyaz Koya and handed him the amount.

A press statement quoted the MoU signed between India and Fiji. It read that the amount is a commitment from India towards the development of the Micro, Small and Medium Enterprises in Fiji.

Further the Fijian Industry Minister Koya, in a press statement said that the initiative by the Indian government is a vital step towards strengthening of the MSMEs in Fiji.

The Indian-Fiji relations are expected to come closer further during the scheduled visit of the Indian External Affairs Minister to Fiji in November later this year.

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