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Ministry Awards Grants to Local Firms

Ministry Awards Grants to Local Firms
Minister for Industry, Trade and Tourism, Lands and Mineral Resources Faiyaz Koya (seated third from left) with the National Export Strategy grant receipients on July 16, 2018. Photo: Simione Haravanua
July 17
13:30 2018

Government yesterday awarded grants to nine local exporters in an effort to boost trade and help them gain greater access to international markets.

The grants are awarded to local companies based on Fiji’s “pro-growth” National Export Strategy (NES), a programme started nearly 12 years ago.

Government hopes to help companies overcome global barriers like worsening terms of trade and limited market access, seeing exports as a major contributor to the Fijian economy. While the grant was awarded to 11 companies, only nine were present in Suva to receive it.

They were presented by the Minister of Industry, Trade, Tourism, Lands and Mineral Resources, Faiyaz Koya, who said a total of 29 applications were received this year with a total value of $8,752,979.

According the minister, 104 projects totalling approximately $14.45 million had been assisted since 2007. He said an assessment of companies under NES showed an increase in exports of some $30.9 million between them, creating 329 jobs in the process.

In addition, Mr Koya said exporters gained access to 87 new markets, while 10 companies under the scheme also received international standard accreditation.

“The Strategy covers 13 sectors, but to provide a focused approach in 2007, this was reduced to six priority sectors, namely, Agro-business, Forestry, Fisheries, Mineral Water, Audio Visual and ICT,” he said.

“This was further refined in this financial year to include the manufacturing sector. This approach assures immediate impact to the Fijian economy, while, at the same time, ensures sustainable long-term future in these sectors.”

Developing economies like Fiji’s are heavily dependent on developed nations for exports, as well as imports.

“The ministry is confident that these companies in partnership with the Fijian Government, will work towards increasing the competitiveness of our Fijian made products and commodities internationally.” Mr Koya said.

“The purpose of the NES is to encourage diversification and value addition of our exports, which provides vital support in the export value chain.”

“These companies are being assisted for the upgrading of infrastructure, procurement of value adding machines and equipment and in addressing supply side constraints, usually faced by exporters.”

List of Awards:

1.) Serene Water Estate Limited – will be receiving the grant assistance for their Sparkling Water production line (not present)

2.) Naceva Fishing Company – will be receiving the assistance for their fishing equipment and freezer truck

3.) Coconut Company (Fiji) Limited – will be receiving the assistance for the purchase of equipment which will assist in the exporting of Virgin Coconut Oil

4.) Cacao Fiji – will be receiving the assistance for the purchase of their processing facility materials

5.) Mahend’s Exports – will be receiving the assistance, also for their processing facility materials (not present)

6.) Salend’s Exports – will be receiving the assistance, also for their processing facility materials

7.) Garden City Exports – will be receiving the assistance for the purchasing a 10-ton freezer truck to export their agricultural produce

8.) Chere Industries (Fiji) Limited – will be receiving the assistance to purchase equipment for the export of value added timber products

9.) Confectionary (Fiji) Limited – will be receiving the assistance to purchase their equipment and develop their existing infrastructure to export confectionary products

10.) United Pacific Limited – will be receiving the assistance for their foam production line and the export of foams; and

11.) Kaiming Entreprise Limited – for the construction of a Cool Room. 

Edited by Epineri Vula

Feedback: sheldon.chanel@fijisun.com.fj

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