none
none

GOVERNMENT INVESTMENT BOLSTERS MANUFACTURING

11-10-2016
by 
in 

Politicians from both major parties have been taking Australia's manufacturing seriously, using 2016 to leverage investments, grants and opportunities worth billions of dollars and thousands of jobs for the industry.

Both the Minister and Shadow Minister for Innovation, Industry, and Innovation have been making contributions to Australian manufacturing (Senators Greg Hunt and Kim Carr, respectively), as has the Minister for Defence Industry, Christopher Pyne.

As part of upgrades and developments to Australia's defence industry, Pyne has overseen contracts that will contribute $195 billion to Australian defence and manufacturing in the coming decades.

Most recently, an $18 million contract was signed with Victorian company Chemring Australia, facilitating the replacement of obsolete Australian military backpack surveilance technology.

Another contract centering on the supply and manufacture of 1100 Light Protected Mobility Vehicles from Thales Australia has reportedly secured 230 jobs through the next two financial years.

“These are exciting times for the Defence industry to deliver on the Turnbull Government’s commitment to growing Australian industry as outlined in the Defence White Paper,” Mr Pyne said.

Other programmes, such as the $500 million submarine contract, and large-scale warship construction, see the Pyne-led ministry injecting vitality, jobs, and capital into sections of the manufacturing industry that benefit both local- and state-level economies.

Industry Minister Greg Hunt has also ensured that at least $31.6 million of a $90 million funding package will be directed to manufacturers in South Australia and Victoria. This boost is intended to accelerate the two states' advanced manufacturing capabilities and create 500 jobs.

On the other side of the fence, Shadow Industry Minister Kim Carr has a long history of loudly and vocally supporting the manufacturing industry, speaking out on issues of domestic manufacturing, the national automotive industry, and anti-dumping measures.

After predicting the dramatic downsizing of the Australian automotive industry in 2012, Carr has repeatedly rallied for steel reform, aiming to prevent the very same type of collapse from taking out this crucial national industry.

Carr has said he "understands that Australia's anti-dumping and countervailing system is critically important to the maintenance of fair trade for our domestic producers."

"Industries and workers are injured when goods from overseas are dumped into the Australian market and when overseas exporters try to circumvent our anti-dumping rules," he said.

While the two major parties may disagree on details, it is a positive sign to see a collective focus on Australia's manufacturing industry. Manufacturers have spoken, and the government is listening.

Related news & editorials

  1. 20.02.2018
    20.02.2018
    by      In
    Thousands of visitors, exhibitors, and speakers from around the world are expected to attend National Manufacturing Week (NMW), to be held from 9th to 11th May 2018 at the Sydney Showground.
    With registrations now open, the free-to-attend event will offer unrivalled access to world-class speakers... Read More
  2. 20.02.2018
    20.02.2018
    by      In
    An in-depth analysis of the battery industry in Australia has shown that lithium totals a $2 trillion investment opportunity, and despite investment in other kinds of battery technology, Australia must act or be left behind in lithium tech. 
    The Association of Mining and Exploration Companies (AMEC... Read More
  3. 20.02.2018
    20.02.2018
    by      In
    Lockheed Martin Australia has opened a new $12 million Lockheed Martin Australia House on the edge of Canberra’s Parliamentary Triangle. 
    The new office was opened by Defence Industry Minister Christopher Pyne, who said the company has cemented its ongoing commitment to Australia's defence industry... Read More
  4. 20.02.2018
    20.02.2018
    by      In
    Expressions of interest have now opened for trade works on the Osborne Naval Shipbuilding Precinct infrastructure project, promising up to 600 new construction jobs, and ongoing maintenance procedures. 
    Under the project, new facilities will be required to support the continuous build programs for... Read More