SUNBIZ

Timber Industry Calls For Revival

The private sector has urged Government to have a closer look at the timber industry so that the industry can be revived and put back to where it was some
06 Oct 2014 09:43
Timber Industry Calls For Revival
Minister for Local Government, Housing and Community Development Premila Kumar outside Parliament on July 28, 2020. Photo: Kelera Sovasiga

The private sector has urged Government to have a closer look at the timber industry so that the industry can be revived and put back to where it was some years back.

Dayals Sawmillers Limited director and the president of the Fiji Sawmillers Association, Jay Dayal, presented on behalf of the roundtable group for Forestry during the Special Budget Forum on Saturday.

One of the suggestions the group came up with was for Government to review the export tax incentives which at the moment is about 40 per cent. The export tax incentive means basically 40 per cent of exports gets a tax rebate after which it gets taxed.

“We hope that in light of encouraging more exports, it could be increased so that there is more incentives towards exporting rather than supplying locally,” he presented.

In an interview with the Fiji Sun, Mr Dayal said he was hoping the timber industry would be given the attention it deserves because it was a dying industry in particular the native timber industry.

“Mahogany and pine are doing very well. But there are certain parts of the industry that is really struggling,” he said.

“What I am trying to propose is some incentives and some measures where people are encouraged to invest more, export more, some value adding initiatives.”

Feedback:  rachnal@fijisun.com.fj

 




Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper