Investment Fiji CEO Kamal Chetty emphasized that the sustainable growth of tourism hinges not merely on tax incentives but on stability and efficiency during a high-level panel discussion titled “Fuelling Growth: Incentives That Work” at the Third Fiji Tourism Convention in Nadi on Thursday.
The discussion focused on how fiscal and non-fiscal incentives can enhance investor confidence, attract private investment, and bolster priority sectors while aligning with national development goals. Chetty pointed out that investors increasingly seek efficient government approval processes and long-term certainty to enable smooth operations for years to come.
He advocated for a transition towards performance-based incentives that both reward investors for creating quality employment and support environmental sustainability. This approach aims to transform investor interest into actionable projects, thereby ensuring that Fiji’s tourism sector continues to thrive as a vital contributor to national prosperity.
The panel also underscored the significance of policy predictability, transparent regulations, and reforms beyond tax incentives in enhancing Fiji’s overall investment atmosphere. The need for targeted, evidence-based incentives that promote inclusive growth, resilience, and long-term value creation for the Fijian economy was also highlighted.
As Fiji actively works towards a more robust and effective tourism strategy, these discussions signify a hopeful future where stability and strategic incentives pave the way for sustained economic growth.