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๐Ÿ‡ซ๐Ÿ‡ฏ Fiji /Economy & Trade

Fiji's Outsourcing Sector Poised for Major Growth

From FBC News · (1h ago) English Positive tone

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Fiji's outsourcing industry is projected to nearly double in value, reaching approximately $450 million annually by 2030.
  • The sector faces challenges, primarily a shortage of skilled workers, but strategies are underway to address this, including partnerships with educational institutions.
  • There is optimism for continued growth, with the introduction of the Knowledge Process Outsourcing (KPO) sector creating new opportunities for local graduates.

Fiji's burgeoning outsourcing sector is poised for significant expansion, with projections indicating a near doubling of its value by 2030. Outsource Fiji President Josefa Wivou anticipates the industry's annual worth to climb from around $269 million in 2025 to nearly $450 million within five years. This forecast underscores the sector's consistent year-on-year growth, a testament to Fiji's strategic positioning and the dedication of its workforce.

Despite this optimistic outlook, the industry grapples with a persistent challenge: a shortage of skilled labor. This issue affects both public and private sectors, highlighting a critical need for targeted talent development. In response, Outsource Fiji is actively implementing strategies to bolster the talent pipeline. Key initiatives include forging stronger collaborations with tertiary institutions to ensure graduates possess the in-demand skills, particularly in artificial intelligence and modern digital tools, essential for meeting global client expectations.

It is an ongoing challenge, but strategies are being developed to strengthen the pipeline of talent entering the outsourcing industry, including stronger partnerships with tertiary institutions.

โ€” Josefa WivouOutsource Fiji President Josefa Wivou addresses the issue of skilled worker shortages and outlines strategies to overcome it.

The collaboration with institutions like Fiji National University is crucial for curriculum reviews, ensuring that training programs align with current industry needs. Furthermore, the introduction of the Knowledge Process Outsourcing (KPO) sector alongside the Business Process Outsourcing (BPO) sector is set to revolutionize opportunities for local talent. Chandan Ohri, President of Outsource Fiji, emphasizes that graduates will now have direct entry pathways into the sector, eliminating the need to seek overseas experience as clients from Australia and New Zealand will be serviced directly from Fiji, fueled by ongoing investments.

This development is particularly significant for Fiji, offering a pathway for economic diversification and job creation. The ability to retain skilled professionals locally, rather than them seeking opportunities abroad, strengthens the national economy and fosters a sense of local pride. The sector's resilience and forward-looking approach, even amidst challenges, position Fiji as a competitive player in the global outsourcing market, demonstrating the nation's capacity for innovation and growth.

Graduates from universities will now be able to directly enter the sector, and with new opportunities in Fijiโ€™s KPO space, they will no longer need to go overseas for experience, as clients from Australia and New Zealand will be serviced from Fiji through ongoing investments.

โ€” Chandan OhriOutsource Fiji President Chandan Ohri highlights the new opportunities created by the KPO sector for local graduates.
DistantNews Editorial

Originally published by FBC News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.