Manufacturing, Innovation and Trade Minister, Tom Kenyon has welcomed the announcement by the federal government to provide Commonwealth funding for a manufacturing precinct with a defence focus to be set up in Adelaide.
“The Commonwealth’s investment will assist the State Government to develop and implement innovation strategies, particularly through collaboration between applied research providers, the defence industry and local manufacturers,” Mr Kenyon said.
Mr Kenyon believes the support reinforces the State government’s commitment to building a sustainable defence industry in South Australia.
“Generating revenue of $1.8 billion and currently employing about 27,000 people directly and indirectly, defence remains a critical industry for this State and the foundation of our advanced manufacturing future. This initiative – part of the Federal Government’s Industry and Innovation Statement released today – sits well with our Manufacturing Works Strategy announced in October last year,” he added.
A ten year strategy, Mr Kenyon believes that a national approach to manufacturing is exactly what is needed to ensure local and national industries can compete in a global environment.
“I’m delighted to see that many of the federal government manufacturing recommendations and strategies announced today align with our plans to drive innovation in South Australia. South Australia’s manufacturers employ more than 73,000 people and our strategy is to transform the sector so we can compete with other countries by making niche, high value products, ” Mr Kenyon said.
“We want to encourage the growth of a competitive manufacturing sector built on innovation, leadership skills and quality products and services backed up by new research and knowledge.
“Our advanced manufacturing strategy aims to grow high-tech precincts with clusters of small business coming together to share knowledge and ideas, as well as working closely with universities and other institutions,” he added.