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The Northern Territory government, with the federal government’s manufacturing growth centre, has promised further support to the development of the NT’s manufacturing sector.
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The Northern Territory government has committed to $8.75 million of investment with the federal government’s Advanced Manufacturing Growth Centre (AMGC) over the next five years to support the continued growth of manufacturing in the Territory.
The objective of the AMGC is to support the growth of Australia’s manufacturing sector by co-funding critical projects including in agriculture and minerals processing.
Thus far, the AMGC has supported over 340 projects with $66.8 million of investment.
Chief Minister of the Northern Territory Michael Gunner welcomed the opportunity to support Northern Territory business.
“This will lead to more jobs for Territorians, and higher paying ones at that,” Chief Minister Gunner said.
“This announcement is Kickstarter on steroids – and it will turn Territorians’ ideas into reality.”
Dr Jens Goennemann, managing director of the AMGC, noted that the Territory is a prime candidate for a strong manufacturing hub.
“The Northern Territory sits at the intersection of innovation and opportunity. AMGC believes that by leveraging the Territory’s rich natural resources and convenient access to international markets, the Top End has the opportunity to create smart jobs for Territorians and spur a new era of innovation and prosperity for the region,” Dr Goennemann said.
“AMGC in partnership with the Gunner government is committed to helping transform the Territory’s economy from being a lucky economy to a smart one, underpinned by smart companies manufacturing smart products and services with global relevance.
“Through encouraging collaboration, greater engagement with research institutions, and focusing on being better, not cheaper, Northern Territory-based manufacturers have a significant opportunity ahead of them and AMGC is here to drive that change.”
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