The vast road map designed by The Federal Government called “Manufacturing a new future for Australia” has a vision to make Australia recognised for its sustainable yet high quality manufacturing sector and the due date for reaching this goal is 2030. Expecting:
In 2 years: Create stability within the business environment in such a a way that encourages new investment
In 5 years: Be more focussed on sci-tech systems to support the industry in order to be more productive and competitive.
In 10 years: lock in productive and competitive firms with high-impact sectoral growth
To do so, there are 4 initiatives manufacturing focussed:
1. Modern Manufacturing Initiative
2. Supply Chain Resilience Initiative
3. Manufacturing Modernisation Fund (MMF) round two
4. Road maps to recovery and beyond
Source: https://www.industry.gov.au/news/manufacturing-a-new-future-for-australia
