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NSW Set to Become Global Leader in Advanced Manufacturing
NSW Becomes World Hub For Advanced Manufacturing
On 31st May 2018, the NSW Government launched a new strategy to transform the state into a global leader in Advanced Manufacturing.
NSW is home to several highly innovative, competitive and world-leading manufacturers that are vital to the strength and diversity of the Aussie economy.
NSW manufacturers produce nearly 30% of the country’s total manufacturing output, which generates around $33 billion in industry value.
The sector also accounts for almost one third of jobs country-wide, with approximately 253,000 people employed.
Embracing advanced manufacturing technology is vital for the ongoing profitability of the industry in NSW.
The NSW Advanced Manufacturing Industry Development strategy encompasses several initiatives to make NSW a hub for advanced manufacturing investment and exports, ensuring it can offer jobs of the future.
Niall Blair, Minister for Industry, explains that the strategy enables manufacturing businesses across the state to remain competitive and cutting-edge.
“NSW needs a strong manufacturing sector to unlock the opportunities the future holds. What matters most is not what a firm makes, but how they make it. This is what defines advanced manufacturing. We want to encourage NSW manufacturing firms to build on their significant strengths and excel on the world stage.”
NSW Advanced Manufacturing Industry Development Strategy