INVESTMENT OPPORTUNITIES IN FIJI

Investment Opportunities in the Sugar Industry

Sugar has been the mainstay of Fiji’s economy for a long period. It still is a dominant industry. Sugar production for year 2000 was 336,000 tonnes, whilst production for 2001 is estimated at 318,000 tonnes. The Sugar Industry since 2001 has undergone a major up gradation work in the technology used and this has been reflected in the industry meeting the quota for the European Union. A lucrative investment opportunity lies in the by product of sugar (baggasse) which has not been tapped into until the recent cogeneration project that is underway in Fiji. This will see the erection, commissioning and operation of the first ever boiler in the Sugar Industry.

Investment Opportunities in the Information, Communications and Technology Industry

An untapped market with a lot of potential to invest in, which has received very strong support from the government in terms of incentives and tax exemptions through the 2009 Budget. Though a fairly new industry, Fiji sees itself as one of the top competitors to other nations such as Philippines and India and is capable of providing added incentives and also tailored incentives to attract investors. The recent investment by Mind Pearl fro South Africa has set the platform for the industry to become a major contributor to Fiji’s economy. It offers a wide range of investment incentives that should be explored in light of the ever increasing cost of doing such business in traditional markets.

Investment Opportunities in the Footwear Industry

Most mechanized footwear manufacturers are still labour intensive. With the increasing cost of labour in developed countries the trend is a shift in relocating investments to developing countries to take advantage of a cheaper and highly productive labour force. Fiji offers such environment for the investors. The opportunities exist in up market gents and ladies fashion shoes and sports shoes. There is an increasing need for support services to the industry such as knife makers, sole makers, quality leather processors, components and packaging materials.

Investment Opportunities in the Furniture Industry

An untapped market with a lot of potential to invest in, which has received very strong support from the government in terms of incentives and tax exemptions through the 2009 Budget. Though a fairly new industry, Fiji sees itself as one of the top competitors to other nations such as Philippines and India and is capable of providing added incentives and also tailored incentives to attract investors. The recent investment by Mind Pearl fro South Africa has set the platform for the industry to become a major contributor to Fiji’s economy. It offers a wide range of investment incentives that should be explored in light of the ever increasing cost of doing such business in traditional markets.

Investment Opportunities in the Mining Industry

Mining contributes around 0.3% of Fiji’s Gross Domestic Product, and employs about 2% of the workforce. Emperor Gold Mines on Viti Levu is the major mine, employing over 2,000 employees, and accounting for one-tenth of Fiji’s exports. The favorable geological climate, in particular, Fiji’s proximity to the Rim Of Fire, offers significant economic prospects in the mining industry. There are opportunities in extraction of known mineral deposits that are currently being imported e.g. aggregates, brick clays, limestone, marbles, mineral sands, barite, kaolinite, zeolite, perlite, phosphate, salt, manganese and bauxite.

Investment Opportunities in the Paper and Paper Products Industry

The imports of paper and paper products are substantial and there is potential in the domestic market as well as in the export market particularly in the South Pacific Island countries for school and office stationary. With the expansion of the manufacturing sector more opportunities will open up in the paper and paper products area. With the vast quantity of waste/used paper available locally there is opportunity for establishing a paper re-cycling plant.

Investment Opportunities in the Plastic Products Industry

There is immense opportunity for diversification within the plastic industry. There is scope for the production of tubes, pipes, hose, drinking straws, self adhesive tapes, floor coverings of plastic, baths, shower baths, wash basins, lavatory pans, seats, covers, articles for the conveyance or packing of goods, tableware, kitchenware, etc. Many of the products listed above have potential in the domestic market as well as in export markets. The tourism industry presents opportunity for the production of plastic-based outdoor furniture. 2005

Investment Opportunities in the Processed Fruit and Vegetable Products Industry

There are opportunities for processing fruits and vegetables in Fiji. Fresh produce thrives in the tropical climate and the fertile soils, and this ensures adequate supply of inputs for processing. These include pawpaw (jam & juice), tomatoes (tomato juice and canning of peeled tomatoes), pineapple (juice and fruit canning), coconut products (cream, timber, specialty oil), duruka, mixed vegetables, guava (jam), mango jam/juice, herbal kava products etc. Potential also exists for the production of dalo, cassava, breadfruit and banana chips both for the local and export markets. The raw materials are available locally or can be easily produced. There is adequate supply of food technologists in the country, with science and food technology graduates and laboratory technicians coming out of the University of the South Pacific or being trained at the Fiji Institute of Technology.

Investment Opportunities in the Tourism Industry

Tourism is Fiji’s largest foreign exchange earner, with the number of tourists nearing 515,000 in 2004. Fiji offers a wide range of tourism plans, from exclusive offshore island resorts, to deluxe and superior hotels and resorts on the mainland, motels, inns and backpackers’ accommodation to cater for the varying tastes of holidaymakers. The tourism industry is dominated by the private sector and has been the country’s largest foreign exchange earner over the last three years. Tourism expenditure generates an estimated 17% of GDP (minus investment), and provides employment to about 40,000 or 15% of the work force. Foreign investment has continued to play a major role in the development of the tourism industry. Accumulated capital investment over the last four years in hotels and resorts has amounted to over FS80 million. There have been numerous investments in ancillary tourism services, including tour/transport operations, distribution trade shopping, leisure and entertainment in response to the expanding visitor market. The promotion and development of “eco-tourism” and cultural heritage is emphasized, hence requiring developments of middle-level and “backpacker” type accommodation. Fiji High Commission

Real opportunities also exist in the development of four and five-star hotels for affluent visitors and economy-class accommodation for outdoor lovers. A potential for the generation of a market for high quality and high volume packaged tourism also exists.