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Opening the door to new business opportunities

30-11-2011
by 
in 

The Australian Government’s $34.4 million Buy Australian at Home and Abroad initiative has taken a major step forward with the formation of the Government’s newly assembled Resources Sector Supplier Advisory Forum.

The Forum, announced by Innovation and Industry Minister Senator Kim Carr and Resources and Energy Minister Martin Ferguson, comprises leaders from resources companies, manufacturers, mining technology and service providers, engineering and procurement firms, unions and academia.

The Forum, to be chaired by the Resources Sector Supplier Envoy Peter Beattie, will provide strategic advice on the most effective ways to strengthen Australian industry participation in the resources sector and the implementation of the Buy Australian initiative.

Minister Ferguson said the Forum could help open doors to significant industry projects.

“With more than $430 billion of planned or committed capital investment in minerals and energy projects in Australia, this represents a massive opportunity for Australian manufacturers and other suppliers,” Mr Ferguson said.

“We are already seeing Australian companies winning contracts on major resources projects, and through this initiative the Government is helping to boost this even further.”

The Forum met for the first time in Perth last week.

The agenda for the meeting drew on input received from hundreds of interested stakeholders during a nation-wide consultation process that Mr Beattie has been conducting.

Senator Carr noted the concerns of some stakeholders regarding possible barriers to local industry participation in major resources projects.

“This Forum brings together leaders of the highest calibre and I look forward to them applying their formidable expertise to helping improve the competitiveness of Australian industry,” Senator Carr said.

“This will enable greater access to the wealth of major project opportunities in the booming resources sector.”

For information on the Buy Australian At Home and Abroad initiative visit: http://www.innovation.gov.au/Industry/BuyAustralianatHomeandAbroad/Pages/default.aspx

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