Local investors learn options

June 16, 2012 | Filed under: Business | Posted by:

Investment Fiji chief executive, Ravuni Uluilakeba (left) with Permanent Secretary for Industry and Trade, Shaheen Ali at the Investment Fiji seminar at Holiday Inn Suva yesterday. Photo: RACHNA LAL

By RACHNA LAL and ELLEN STOLZ

The Permanent Secretary for Industry and Trade, Shaheen Ali, has welcomed recent emphasis placed on local investors by Investment Fiji.
His comments followed an Investment Fiji seminar held at the Holiday Inn Suva for local investors which focused on strengthening investments.
“I think this is a very good initiative by Investment Fiji in reaching out to the general public,” he said.
“What has been said in the past is that whilst Investment Fiji has been concentrating on foreign investors, there was not enough emphasis placed on local investors.
“So by holding information seminars in Suva, Nadi and Savusavu, I think it’s a very good initiative on their part to educate our local investors who maybe be interested in investing,” he said.
Investment Fiji chief executive, Ravuni Uluilakeba, stressed the need for facilitating joint venture initiatives so local investors could form partnerships with foreign investors.
“We do not only want to rely on foreign investors but we target to bring in locals who have so much resource available,” he said.
Mr Uluilakeba said this would mean major sectors such as agriculture and poultry, could be developed with more investment opportunities in these areas through joint ventures.
“It will create stronger awareness and similarly entice local investors providing them the opportunity to come in and do partnership with foreign investors,” he said.
Mr Uluilakeba said local investors may not know all the processes involved hence this was a way of creating stronger awareness.
“Similarly the mode of inviting Government agencies to come and present the policies and the way they go about doing investment so that at least they understand it, allows them to network with these agencies,” he said.
Investment Fiji will also be holding another seminar in Nadi on Monday, June 18 at the Tokatoka Resort and another one in Savusavu on Wednesday, June 20 at Daku Resort.

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