News: Now Indian investors eye Fiji Islands
(TNN 28/11/2006) Kolkata - A number of Indian companies have expressed interest in Fiji as a potential investment destination. According to the Fijian delegation currently down in India, potential Indian investors are slated to visit the Fiji Islands in the next two weeks.
"The Taj group is willing to set up an Exotica property in Fiji. This apart, there are certain pharmaceutical companies which are conducting feasibility studies while a number of IT companies have also shown interest in setting up base in Fiji," said Ms Adi Sivia Qoro, minister for commerce and industry, Fiji.
She was speaking at an interactive session at the Bengal National Chamber of Commerce and Industry (BNCCI) that was also attended by other members of the Fiji delegation. The Fijian government is working closely with the private sector to promote exports as well as attract investments. Currently, it is encouraging investment from countries like China and India.
Fiji is especially looking to promote bilateral trade with India, which was a mere Rs 132.40 crore in 2005-06. The country will now be focusing on areas like ICT (information and communication technology), forestry, fisheries and tourism.
"Tourism is one of our major foreign exchange earners and we are looking particularly at promoting health and ecotourism. For this, we have already begun talking to Apollo Hospitals to set up a hospital in Fiji. We are especially interested in retirement villages," said Ms Qoro. According to her, Apollo will begin construction from next year. This is part of the Fijian government's efforts to promote development of infrastructure in the country.
"The Taj group is willing to set up an Exotica property in Fiji. This apart, there are certain pharmaceutical companies which are conducting feasibility studies while a number of IT companies have also shown interest in setting up base in Fiji," said Ms Adi Sivia Qoro, minister for commerce and industry, Fiji.
She was speaking at an interactive session at the Bengal National Chamber of Commerce and Industry (BNCCI) that was also attended by other members of the Fiji delegation. The Fijian government is working closely with the private sector to promote exports as well as attract investments. Currently, it is encouraging investment from countries like China and India.
Fiji is especially looking to promote bilateral trade with India, which was a mere Rs 132.40 crore in 2005-06. The country will now be focusing on areas like ICT (information and communication technology), forestry, fisheries and tourism.
"Tourism is one of our major foreign exchange earners and we are looking particularly at promoting health and ecotourism. For this, we have already begun talking to Apollo Hospitals to set up a hospital in Fiji. We are especially interested in retirement villages," said Ms Qoro. According to her, Apollo will begin construction from next year. This is part of the Fijian government's efforts to promote development of infrastructure in the country.
posted by InCar Group Press Room at 16:53
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