The Government recognises there is potential to position Fiji as a regional business and innovation hub for manufacturing.
This was highlighted by the Minister for External Trade, Manoa Kamikamica.
He said that one huge potential area for Fiji is becoming a regional manufacturing hub for pharmaceuticals, to create seamless access to affordable medications (due to the reduction in freight component) for the Pacific.
Kamikamica said near-shoring is another important area to explore because Fiji offers a cost-effective alternative for countries like Australia and New Zealand.
“Information Technology (IT) near-shoring is a booming industry globally. Fiji can introduce the right type of tailor-made incentives to enable foreign companies to relocate information technology-related tasks in Fiji.”
He said, with the viability of several companies at risk of the COVID-19 pandemic, companies focussing on revenue generation and outsourcing non-core functions.
“Fiji has already started realising benefits from providing outsourcing services, 4000 new jobs were created which has doubled post-pandemic. This is one of the emerging industries that continue to grow,” he added.
