Over $30m is expected to be invested by the FMF Group over the next two years - Punja

Today marked the ground breaking ceremony of FMF’s new $7M Central Store and Group Maintenance Workshop by Rohit Punja, the Managing Director of Hari Punja and Sons Group.

Punja says over $380M will have been invested by FMF and Hari Punja and Sons Group from 2004 till 2019.

He says over $30M is expected to be invested by the FMF Group over the next two years to modernise its Walu Bay facilities.

Punja says about  2000 jobs is also expected to be created as Hari Punja and Sons Group has ventured into the hotel industry and property development with an investment of more than $110M.

Currently the company directly employs 1,200 people.

Managing Director of FMF Foods, Ram Bajekal says investments are for state of the art machinery and modern service facilities designed to make the Groups operations more efficient.

FMF Group also commenced production in its new biscuit factory located in Veisari which cost $41M.

This factory primarily caters for overseas markets such as New Zealand, Papua New Guinea, Vanuatu and Solomon Islands.

An investment of $5M has also been made for the construction of a storage depot and bottling terminal in Lami for Bluegas, a subsidiary company of the Hari Punja and Sons Group.