NEWS

Agriculture Prospects Waiting: Acting PM

Rakesh’s story is the perfect story of how businesses began small, with the idea, with the little they had. - Aiyaz Sayed-Khaiyum, Acting Prime Minister and Attorney-General
01 Dec 2019 13:15
Agriculture Prospects Waiting: Acting PM
Acting Prime Minister and Attorney-General Aiyaz Sayed-Khaiyum (left) meets Ashish Sharma of International Tractors Limited India and Carmart Limited Managing director Rakesh Kumar (third from left) while Mr Saiyed-Khaiyum launches Sonalika Tractors at Waila in Nausori on November 30, 2019. Photo: Ronald Kumar

There is an enormous opportunity waiting to be tapped in the agriculture sector, says Acting Prime Minister and Attorney-General, Aiyaz Sayed-Khaiyum.

Mr Sayed-Khaiyum, who is also the Minister for Economy, highlighted this while launching Sonalika Tractors, sold by Carmart Limited in Nausori.

He said the competition was a good thing for the economy.

“There are others at least three or four brands in the market, which is a good thing, as it creates a very competitive market,” Mr Sayed-Khaiyum said.

While in New Zealand recently, he said he met many business houses that wanted to start businesses in Fiji.

“Rakesh’s story is the perfect story of how businesses began small, with the idea, with the little they had,” he said.

 

Carmart Limited

Managing director for Carmart Limited Rakesh Kumar is the sole agent of the Sonalika Tractor brand in Fiji and in the Pacific.

Mr Kumar is from Nadi. He began his business some 18 years ago with only $5000. Now, the company is worth a lot more.

“The product is much less than what our competitors sell in the market and we are giving a two-year warranty on the product,” Mr Kumar said.

“Depending on the size and the accessories, the tractor could cost up to $45,000.”

Three tractors are currently available at the Carmart Limited.

Mr Kumar also acknowledged the people of Rewa.

Mr Sayed-Khaiyum also acknowledged the Indian High Commission in Fiji for facilitating this trade relationship.

“The Indian market will become the largest outbound market in the world by 2022,” Mr Sayed-Khaiyum said.

Edited by Naisa Koroi

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