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Chinese Here In Search Of Long-term Investment

The Chinese delegation currently in Fiji on an exploratory mission are looking for long-term investments in the country. The Head of the Chinese Delegation, Yushu Chen, highlighted this yesterday at
27 Jul 2016 11:26
Chinese Here In Search Of Long-term Investment
Visiting Chinese investors group leader Yushu Chen during The Inaugural Fiji-China Business Exchange Summit at GPH yesterday. Photo: RONALD KUMAR

The Chinese delegation currently in Fiji on an exploratory mission are looking for long-term investments in the country.

The Head of the Chinese Delegation, Yushu Chen, highlighted this yesterday at the Grand Pacific Hotel in Suva.

The delegation is here for the Fiji- China Business Exchange Summit and High Level Trade and Investment consultations.

“We are looking at a very long term investment in Fiji because most of the delegates are based in countries like Australia, Hong Kong, USA and Singapore,” Mr Yushu said.

There are 21 delegates as part of the group and are interested in sectors like tourism, real estate, furniture making and mineral water projects.

“As tourism is the leading industry in Fiji, we are looking at the tourism as well as real estate. Besides, we are also trying to find opportunities in handicraft,” he said.

But Mr Yushu noted the investment value will depend on the policies and incentives after the inspection of the different areas of investment.

“We are planning to start with the investment within one year’s time,” he said.

 

Agriculture potential

Minister for Industry, Trade and Tourism, Faiyaz Siddiq Koya, stressed to the delegates that Fiji’s agriculture sector is brimming with opportunities.

“We have vast tracks of fertile land that can either be used for commercial agro-farming or organic farming for niche markets,” he said.

“The prospects are enormous and our latest sectoral investment data suggests that a number of foreign investors have realised this and seizing the opportunity.”

Edited by: RACHNA LAL

Feedback:  kathrin.krishna@fijisun.com.fj

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