Need for broad based growth, says Fiji’s economy minister

Acting Prime Minister and Attorney-General Aiyaz Sayed-Khaiyum speaks at the Fiji Chamber of Commerce and Industry Business 2025 forum at the Grand Pacific Hotel in Suva. Picture ATU RASEA

THE economy cannot simply rely on tourism or the sugar industry if it wants to grow.

This was highlighted by the Attorney-General Aiyaz Sayed-Khaiyum while officiating at the Fiji Chamber of Commerce and Industry 2025 Business forum at the Grand Pacific Hotel in Suva on Saturday.

“If we want to grow, we have to ensure that we have a broad based economy growth,” said Mr Sayed-Khaiyum.

Mr Sayed-Khaiyum said they projected to grow for another three years.

“The economy has been growing rapidly and you can see how our GDP has doubled since 2010.”

He also urged the Fijian businesses to be more proactive and to adopt new technology.

Mr Sayed-Khaiyum said some businesses were too slow to adapt to new technology.

“Many business need to look at themselves, how quickly are they adopting new technology.

“There always seems to be a dichotomous approach to how we want to achieve things in our economy,” he added.

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