Investment Fiji cannot continue on the current path – Koya

The Acting Minister for Economy Faiyaz Koya says Investment Fiji cannot continue on the current path where they play the role of a facilitator, a regulator and a border protector.

While speaking at an Investment Fiji Strategic Planning Workshop at the Grand Pacific Hotel in Suva, Koya says as the reforms kick in, Investment Fiji will focus on the core competency of attracting the right investments and investors that will enable diversification and achievement of Fiji’s development goals.

He says their resources need to be utilised in a manner that achieves the maximum benefits for the nation as a whole.

Koya adds essentially, like other successful Investment Promotion Agencies, Investment Fiji must proactively pursue desirable investors and multinationals that will bring benefits to Fiji and Fijians.

He says whilst Investment Fiji’s new role will focus on attracting foreign direct investments, they will also focus on investment generation, investor facilitation, investor aftercare, export – promotion, and policy advocacy.

Koya adds this essentially means, Investment Fiji will now focus on three key components - Investment Matching, Investor Services, and Trade Development which will result from attracting “efficiency-seeking” investors.

The Acting Minister for Economy says this will enable them to derive new focus towards market discovery, capacity building, identify and connect a customer with capital and connecting investors with key industry associations to name a few.