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This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
To contact the authors of this blog, please call telephones (679) 3342719, (679) 3544897 or e-mail info@gilbert.com.fj.


Wednesday, May 03, 2006

Hydroponics farm ready

The construction of a climatically controlled, state-of-the-art hydroponics farm in Colo-i-Suva has been completed with production of the first crop of lettuce expected to begin next month. The farm is owned by City Farming Limited, a joint venture between Fiji Investment Corporation Limited (FICL), local produce company Joes Farm Limited, and A&B Hydroponics of Australia.

Both Joes Farm and A&B Hydroponics International have widespread intercontinental distribution and marketing networks and this joint venture will be strengthened due to their involvement in the agro business industry over a combined period of 69 years.

FICL said that the hydroponics industry had great potential for immense growth due to the high demand for top quality fruit and vegetables. The demand comes from the booming tourism industry as well as the domestic consumer market. Booming urban population growth has seen the increase in consumption demand for temperate fruits and vegetables.

The company said that the joint venture would act as an import replacement effort to reduce tourism sector outflows. It said the company would see high quality fruits and vegetables supplied locally with the aim to eventually export to regional and international markets.

The company will see to the introduction of technology that will reduce real growing time to maturity, yet improve the quantity and quality of the produce.

Note from GV : Foreign investors that with to invest or set up business in Fiji, can contact our company, Gilbert & Samuels Company Limited, on telephone +679 3396427 or e-mail gilbert@connect.com.fj for further assistance/advice.

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