Thursday, June 20, 2024
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Fiji to be positioned as regional business hub

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.

Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com

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