Transcript Professor Narendra Reddy of Uni Fiji on West Developments

Developments in the West
Nadi Chamber of Commerce & Industry Business Forum
NFU Namaka Campus
25 October 2015
Dr Narendra Reddy l Professor of Business
Dean, School of Business and Economics
Director MBA Programme l University of Fiji
Private Mail Bag l Lautoka l FIJI
Phone: (+679) 6640600 Ext 148 l Mobile: (+679) 9917391
Email: [email protected]
1
Outline
1. Introduction
2. Key sectors of the economy:
1.
2.
3.
4.
5.
6.
7.
Sugar
Construction
Tourism, Momi project
Gold
Mineral water
Forestry/ Timber (Pine, Mahogany)
Others: kings road/ Rakiraki tax free, Tavua; beef farming Yaqara;
cottage industry;
3. Summary/ Conclusion
2
Sugar
1. Production on the decline. Contribution to GDP
1.7%
2. Decline appears to have been arrested
3. Mill efficiency as per TC/TS ratio improved over last
three years
4. Strong government support
5. Impact when EU subsidized price fully implemented
from October 2017. WTO requirement
6. Revive/increase production (miller and growers)
7. Strengthen partnership among stakeholders
8. Restructuring the industry/ value adding
3
No of Growers
25,000
Number of Registered Growers
Number of Active Growers
No. of Growers
20,000
15,000
10,000
5,000
-
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Number of Registered Growers 22,179 21,882 21,253 20,693 20,492 20,290 18,649 18,691 18,683 17,762 16,609 16,259 15,948 15,528
Number of Active Growers
19,081 18,615 17,773 17,362 17,639 16,527 15,730 14,948 14,096 13,903 13,251 12,791 12,848 12,633
Season
4
Tonnes Cane per Tonnes Sugar
Painful 4 yrs
16.0
14.0
TCTS (tons)
12.0
10.0
8.0
6.0
4.0
2.0
-
2000
TCTS (tons) 11.1
2001
9.6
2002
10.4
2003
8.9
2004
9.5
2005
9.7
2006
10.4
2007
10.4
2008
11.2
2009
13.4
2010
13.4
2011
12.6
2012
10.0
2013
9.0
2014
8.1
Season
5
Construction
1.
2.
3.
4.
5.
6.
Main hive of activity is around Lautoka /Namaka /Nadi corridor
Need for adequate support infrastructure
Identify Residential Development
Industrial Cluster Development
15-20 years: Nadi and Suva (Sydney and Canberra in relatives terms)
Roads/ Nadi- Lautoka
1.
2.
3.
4.
5.
6.
7.
8.
Designated bus stops
Sugarcane trucks/ traffic convoy
Road courtesy (LTA to facilitate)
At least a double lane
Back road end of Sabeto Mountain (Lomolomo/ Tawakubu/ Lovu)/ ease the traffic on main
artery
Nadi back road double lane
Nadi/ Lautoka traffic like Suva/Nausori about 1985
Nadi/Lautoka road currently the best it ever had been/ 2012 floods
7.
Momi project/ Marriott. If the project expands as earlier expected major boost to
economy in that corridor in housing and tourism related business & infrastructure.
8.
2035. two major pop centres: greater Suva; greater Nadi/Lautoka
6
Summary/ Conclusion
•
•
•
•
•
•
•
Sugar industry may not be on the Nadi/Lautoka highway
Good urban planning
Infrastructure
Residential and industrial clusters
Road/ Transport (need for efficient/fast public transport)
Nadi/Lautoka road full upgrade/ double lane
Nadi/Lautoka main population centre in west
7
References
• FSC annual reports
• Fiji Bureau of Statistics
8