Kapris: Policy of govt to see how best to process natural resources

COMMERCE and Industry minister Gabriel Kapris says the policy of the national government is to see how best they can do downstream processing of PNG’s natural resources.And these natural resources includes fish where the government tries its best to find foreign investors who are willing to invest in the country and at the same time agree to carry out downstream processing.“That is promoting government’s policy on downstream processing and creating jobs.“Business is something that is not planted in PNG,” he said during the signing of the project agreement for PNG’s biggest fish project to be staged in Lae, Morobe province.“Spin off business is my concern … I would like you to give specific attention to Papua New Guineas … to see that people on the ground benefit from this project,” he told the gathering including representatives of the three companies heading the US$80 million project (K226 million).Majestic Seafoods Ltd will be the company to develop the project.It was established by Frabelle Fishing Corp. (Philippines) operating in PNG as Frabelle (PNG) Ltd, Philippine-based Century Canning Corp and Thailand-based Thai Union Corp., a subsidiary of Thai Union Frozen Products PCL (TUF).