Kamal Chetty, the CEO of Investment Fiji, stressed the importance of sustainable tourism growth in a high-level panel discussion titled “Fuelling Growth: Incentives That Work,” held during the Third Fiji Tourism Convention in Nadi on Thursday. He pointed out that true development in the tourism sector relies not only on tax incentives but also on stability and operational efficiency.
The panel discussion revolved around the role of both fiscal and non-fiscal incentives in boosting investor confidence and attracting private investment, all while aligning with Fiji’s national development objectives. Chetty highlighted the increasing demand among investors for streamlined government approval processes and long-term reliability that supports seamless operation over time.
Chetty advocated a shift towards performance-based incentives, suggesting that these would not only reward investors for creating quality jobs but also promote environmental sustainability. This innovative approach aims to convert investor interest into actionable projects, ensuring that Fiji’s tourism remains a significant pillar of the country’s economic welfare.
Moreover, the panel emphasized the critical nature of policy consistency, transparent regulations, and necessary reforms that extend beyond just tax incentives. The emphasis was placed on the necessity for targeted, evidence-driven incentives that foster inclusive growth, build resilience, and create long-lasting value for the Fijian economy.
Fiji’s ongoing efforts to enhance its tourism strategy present a promising outlook where strategic stability and well-crafted incentives can lead to sustained economic success.