13 Mar 2003

Fiji PM says half of state contracts to go to indigenous-owned companies

3:22 pm on 13 March 2003

Fiji's Prime Minister, Laisenia Qarase, says his government will award half of all state contracts to companies in which indigenous Fijians have a major shareholding

Mr Qarase says this will also apply to government permits, licenses and quotas.

The announcement came at a meeting of the Indigenous Fijian Business Council.

Mr Qarase says the biggest hurdles facing indigenous Fijians seeking involvement in commerce were the unavailability of capital and lack of business skills.