Australian manufacturing industry to be bolstered: PM Scott Morrison
Manufacturing in Australia today has been transformed and will continue to transform, Scott Morrison said
Australian Prime Minister Scott Morrison on Thursday said that the country's manufacturing industry will be bolstered aimed at helping the economic recovery from the coronavirus pandemic.
#Australian Prime Minister #ScottMorrison (@ScottMorrisonMP) on Thursday said that the country's manufacturing industry will be bolstered aimed at helping the economic recovery from the #coronavirus pandemic.#COVID19— IANS Tweets (@ians_india) October 1, 2020
Photo: IANS (File) pic.twitter.com/ObNMgKOF9i
"Long gone are the days of trying to compete with labour-intensive, low-cost manufacturing economies," Morrison was quoted as saying in an Australian Broadcasting Corporation (ABC) news report while speaking at the National Press Club.
"Gone too are any pretentions of protectionism as a viable strategy for domestic manufacturing, that's not where our future is.
"Manufacturing in Australia today has been transformed and will continue to transform," he added.
The premier also said that his government's newly-announced strategy would focus on industries that were already doing well in and "emerging priorities".
Morrison's remarks came after he unveiled the JobMaker Digital Business Plan on Tuesday which will take advantage of technologies to grow and create jobs as part of the country's economic recovery plan.
Keep scrolling to read more news
Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Sign up for all the latest news, top galleries and trending videos from Mid-day.comSubscribe