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Transcend Volume 3
Transcend Volume 3
INDIAN PUBLIC SECTOR UNDERTAKINGS IN FIJI
Authority and Water Authority of Fiji and providing consultancy services in Water, Waste water, Road, Port and Harbour sector. Currently, WAPCOS Limited is providing its Consultancy Services in following Project:1.
Professional Services Client Representative for project Contract Works
2.
3.
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S3, Nausuri- Suva 4 lane corridor.
for Water Authority of Fiji in which total 18 Nos of project scattered in different location.
4.
Review of existing Jetty and Bridge in Central /eastern, Western and Northern region for Fiji Roads Authority.
Providing Consultancy Service for Kinoya Waste Water Upgradation Work for Water Authority of Fiji.
5.
Upgradation of Government Shipping Services sea wall at Walu Bay area, Suva.
Providing Consultancy Service for Nasrup
The bank continuously attempts to adapt to the dynamic economic environment, while engaging in the long term relationships to provide superior customer services, which offers the key advantage to its customers, among many others.
Bank of Baroda Team receiving Fiji Business Excellence Award 2018 From H.E. Hon'able President of Fiji.
Bank of Baroda (“The Bank”) established on July 20, 1908 is an Indian state-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda), in Gujarat, India. Bank of Baroda is one of India’s largest banks with a strong domestic presence spanning 5,546 branches and 9,661 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 101 overseas offices spanning 21 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.) and BOB Capital Markets. Bank of Baroda also has joint ventures for life insurance with India First Life Insurance and for asset management with Baroda Pioneer Asset Management. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank. Bank of Baroda is a pioneer, providing
banking services for over 111 years in India and over 59 years in the Fiji. It offers the entire gamut of banking and financial services encompassing all segments. The bank has a presence in major financial centres including New York, London, Brussels, Dubai, Hong Kong and Singapore. Besides the strong global presence, dedicated and professional work force and transparent and reliable dealings have been the hallmark of its functioning that appeal and attract customers the most. The bank has emerged as a key market differentiator in the banking landscape of the FIJI. It is one of the major connecting forces between the Fiji and India in facilitating and promoting bilateral trade. Bank of Baroda offers multi-faceted products and services through the network of its-8- branches and network of 17 ATMS and interchangeability with 110 ATMs of BSP and also extends to its customers EFTPOS facility in technical collaboration with Bank of South Pacific .
In its endeavour to offer more innovative products and services to customers, Bank of Baroda has started mobile-banking services, Remittance to India through its ATMs and internet banking for easy, instant and hassle free remittance, MPassBook Mobile App to generate account statement. Bank of Baroda acts as a banking bridge and is truly aligned to the economy of these two nations. The bank takes pride in playing critical role as a vehicle for channelizing the flow of investment between the Fiji and India. It has achieved substantial progress in technology and is continuously integrating multiple platforms to generate synergy. The bank continuously attempts to adapt to the dynamic economic environment, while engaging in long-term relationships to provide superior customer service.
the segments of the population. Every calendar year it completes around 10,000 New Policies and in the year 2018, a record 11272 new policies have been completed, and now it has a total of 65,496 policies in force as on date. The most important aspect of LICI in Fiji has
WINNER FIJI BUSINESS EXCELLENCE AWARD-2018 Our bank has been awarded “Fiji Business Excellence Prize” on 3rd November 2018 by His Excellency the President of Fiji, Major General (Retd) Mr. Jioji Konusi Konrote, in Fiji Business Excellence Awards (FBEA) which is a highly prestigious national award designed to improve productivity and quality of organizations in Fiji. The banks constant endeavour to delight its customers, which is built on its strong fundamentals will make it stronger, more resilient and enable to achieve its vision to be the “Most Admired Bank.”
WAPCOS Operations In Fiji
During the year 2018, NIA has extended its support to HCI in following activities:
The New India Assurance Company Limited (NIA) was established in 1919 by Sir Dorab Tata in Mumbai, India. With wide range of policies NIA has become the largest non-life insurance company not only in India, but also one of the leading insurers in the Afro-Asian region.
WAPCOS has completed following contracts in last 3 years.
2- Rakiraki Bridge Assessment for Fiji road Authority.
1- “Professional services – Clients representative for design and build contract – upgrading water and waste water pipe network – Central/Eastern and Western urban Centres” from Water Authority of Fij
With In built capacity to provide Multidisciplinary project teams comprising of its own core group of professional and speciality WAPCOS is now associated with Ministry of Economy, Ministry of Agriculture, Fiji Road
As an Organization LICI’s commitment expands beyond life insurance policies. LICI’s had taken a step to adopt a school (by paying F$ 40,000 through Government of Fiji) which was affected by Cyclone.
our efforts through High Commission of India (HCI), Fiji to foster the cultural ties of Indians and Fijians especially Indian descendants.
Centenary celebration group photo 23 July, 2018.
WAPCOS Ltd (A Govt. of India Undertaking) is a Global Leader in Consultancy, Engineering, procurement and Construction (EPC) providing integrated and customised solutions for sustainable development of Water, Power and Infrastructure Projects. In December 2015 WAPCOS has entered in South Pacific region by getting “Professional Services – Client representative for design and build contract in Fiji Island from Water Authority of Fiji. Initially started its operation with Water Authority of Fiji; WAPCOS now bagged several contract in other government authorities of Fiji. With successful compilation and handing over of 18 different projects with quality and within time in central and western region for Water and Waste water pipe line networks, WAPCOS has firmed its position in South pacific Region.
The Life Insurance Corporation of India started operations in India and Fiji in the same year viz 1956 and has completed 62 years of service. LICI is the market leader in Life Insurance, with a market share of above 70%. LICI has 19 Products on sale catering to all
been its consistent and high level of bonus declared year after year. It paid out over F$ 73 million as Policy payouts during 2018, and the bonus declaration of F$ 11.11 million for the year 2018. LICI has an asset base of over F$ 641 million, and has contributed handsomely in the development of the Fijian economy with an investment of over approx F$ 587 million, till date, mostly in the infrastructure sector of the economy.
The global operations of New India started as early as 1920 with the establishment of their London office. Today NIA is operating in 28 countries. NIA has the largest Branch Network in Fiji amongst all General Insurers and has its branches at Suva, Nadi, Lautoka and Labasa. NIA is the largest General Insurer in Fiji Total Asset-wise and Assets and Solvency Surplus are highest in Fiji. NIA is the only General
Insurers in Fiji who enjoys ‘A’ – (Excellent) credit rating by A.M. Best Company of USA. NIA's strong financial base and consumer friendly products has led it to become a largest general insurance company in Fiji now. NIA is majorly dealing with Property, Automobile and Liability insurances and has been always a first preference for Industry, Trade & Commerce and General Public at large. We always stand by insuring fraternity of Fiji in their bad periods of catastrophe events which struck Fiji in 2016 and previously. Saluting the resilient capacity of Fiji after TC Winston in 2016, NIA Fiji contributed to almost 40% of the total cyclone claims which local insurers received. Being a Government of India Undertaking, it has been always our pleasure to channelize
1.
Inaugural High commission of India Business Meet in March 2018 in Suva
2.
4th International Yoga Day celebration on 23.6.2018
3.
Best of India Show hosted by HCI in October 2018
Also played a vital role in formation of Indo Fiji Friendship Forum to strengthen cultural ties of both the countries. We also helped IFFF in organizing Holi and Diwali events in 2018. NIA Fiji has been also fulfilling its Corporate Social Responsibility with spirit of altruism. Class Room donated to Urdu Students as St. Andrews School in Nadi is one of the examples. Also in pursuit of sustainable climate change mission of Fiji Government, sponsoring Green Conscious Award hosted by FBD Bank to encourage SME sector and also extended our patronage in hosting Sustainable Development Conference in Fiji hosted by Government of India in May 2017. It has been always NIA’s privilege to associate our activities with HCI and look forward to more fruitful interactions in time ahead.