Delays in responses from government agencies have emerged as a significant concern among investors, according to Jenny Seeto, chairwoman of Investment Fiji. She highlighted that the process of submitting various applications and securing approvals has proven challenging for investors.
Seeto pointed out that issues mainly stem from inadequate infrastructure and the agencies’ responsiveness. She noted that for specific projects, an application must be lodged, and approvals are required for construction. Obtaining land leases, whether from the iTaukei Land Trust Board or the Lands Department, adds to the complexity, as consolidating necessary approvals can be quite difficult for investors.
Immigration processes are another area of concern, particularly the speed at which permits are issued. However, a new online document management system is set to be introduced, which is expected to improve response times in that department.
On a positive note, Seeto remarked on the government’s initiative to digitize business processes through platforms like the Business Now portal, which is anticipated to simplify tracking investments for both investors and staff.
During a recent World Bank presentation, data was presented indicating that to enhance Fiji’s growth potential by five percent of GDP, private sector investments need to rise from 15.5 percent to 18 percent of GDP, amounting to approximately 400 to 500 million. Seeto expressed optimism, stating that achieving this goal is feasible if the public and private sectors collaborate efficiently.
She also commended the Ministry of Environment for improving its response times to applications, acknowledging that delays had previously led to numerous complaints. Since the appointment of a new permanent secretary, she noted a significant reduction in backlog issues within the Ministry of Environment.