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Australian medtech, pharma industries get boost in 2023 Federal Budget

The Federal government has allocated $392.4 million in funding for the establishment of a new Industry Growth Program that would boost the development of priority sectors, such as medtech, biotech, and pharma. 
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.