Economists in Australia are urging Fiji to enhance land and property accessibility in order to strengthen its business process outsourcing (BPO) sector. Insightful voices like Dr. Kishti Sen, senior economist Catherine Birch, and economist Tom Kenny from ANZ Group assert that for Fiji to be an attractive destination for multinational corporations seeking operational efficiency, the Fijian government must actively foster an environment conducive to BPO activities.
These experts envision the development of multiple BPO hubs across Fiji, which would include essential shared facilities such as retail outlets, food services, accommodations, and medical care. However, they caution that the current shortage of privately-owned land in strategic business districts poses a significant obstacle to developing integrated technology parks, which are vital for the industry’s growth.
To tackle these challenges, the economists propose a strategy of asset recycling within the land sector. They suggest the Fijian government consider selling premium land holdings in urban areas to finance vital infrastructure improvements. This approach aligns with the government’s current exploration of part-privatization options for water and electricity utilities to enhance operational efficiency.
Previous discussions around infrastructure and public-private partnerships—such as those led by Acting Prime Minister and Minister of Finance Prof. Biman Prasad—underscore the government’s commitment to strengthening collaborations with the private sector as a means to stimulate economic growth. There is a concerted focus on empowering the local workforce and advancing tourism and information communication technology (ICT) sectors in order to attract international investments.
The proactive stance taken by the Fijian government reflects optimism regarding the future economic landscape of the country. Expectations are high for increasing foreign investment and improved job prospects as the BPO sector expands. These advancements could play a crucial role in diversifying the economy, fostering resilience, and promoting long-term sustainability.
In conclusion, a strategic focus on land management, infrastructure development, and workforce upskilling positions Fiji favorably as a burgeoning hub for business outsourcing in the Pacific, highlighting the potential for significant economic progress and community benefits.
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