JOINT VENTURE TO BOOST PORT MORESBY SMALL INDUSTRIES

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By Lydia Kaia

PORT MORESBY, Papua New Guinea (December 31, 2000 - The National/PINA Nius Online)---Papua New Guinea Trade and Industry Minister John Tekwie has launched a joint venture project to encourage the setting up of new businesses in the nation's capital.

The project, called the "Business Incubator System," is a collaborative venture between the National Capital District Commission and the Small Industries Center (SIC).

It is aimed at assisting indigenous entrepreneurs to start cottage type businesses in PNG’s largest city.

The Business Incubator System will help entrepreneurs to develop and master technical and business management skills.

Mr. Tekwie said the venture represents the beginning of a new era for small industries and small businesses.

He said the majority of people in PNG are entrepreneurs and the Small Industries Center has the capability to help them to develop and expand new business ventures.

Mr. Tekwie said the center itself produced a lot of good quality products, such as cane furniture, leather products, stone ovens, copra driers, brick makers, water pumps, potable 'wokabout' sawmills and iron smelters.

But it has been surviving with difficulty because people are not aware of its range of products and because it has not had any recognition from successive governments.

"It is about time we look forward to what lies ahead," he said in reference to the potential growth the Small Industries Center can enjoy.

National Capital District City Manager Bernard Kipit also made a commitment of K 50,000 (US$ 16,600) from the NCD budget to kick-start the joint venture project.

Mr. Kipit said each work section at the center had the potential to generate increased revenues but that it needed more exposure.

Under the joint venture, the business incubator will provide assistance not only to entrepreneurs but also to school leavers and unemployed youth keen to acquire business and technical skills.

For additional reports from The National, go to PACIFIC ISLANDS REPORT News/Information Links: Newspapers/The National (Papua New Guinea).

Pacific Islands News Association (PINA) Website: http://www.pinanius.org 

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