Government injects funds into medical and food security – Funding

0

The federal government has invested $ 33 million in Australian supply chains, with Australia’s only critical IV medical fluids supported.

An article titled The Supply Chain Resilience Initiative says 27 successful applications are to share round one funding, with round two applications opening on December 6.

Infusion maker Baxter Healthcare will receive up to $ 2 million to manufacture more than 50 million units, and Strike Energy will also receive up to $ 2 million to establish a full-scale facility using natural gas and gas. green hydrogen for agricultural fertilizers.

“The COVID-19 pandemic has shown us the importance of resilient supply chains and manufacturing capabilities in Australia. especially for critical products, ”said Minister of Industry, Energy and Emissions Reduction, Angus Taylor.

“Whether it’s to make sure we have medicines that save lives, or that our farmers have the agricultural production chemicals they need to keep growing food for Australians, we want to ensure our ability to manufacture what we need. “

The second round grants will fund projects in semiconductor and water treatment chemicals, building on existing collaboration with the telecommunications industry to support operations.

According to the criteria listed on the government’s website, the program aims to:

• improve Australia’s resilience to future supply chain shocks
• facilitate the diversification of supply options and increase investment in the economy
• allow diversification towards export markets and reduce dependence on domestic markets
• improve collaboration between national and international manufacturers and suppliers
• mitigate supply chain risks for critical products
• improve visibility and transparency of the supply chain for critical products
• accelerate digitization and further integration of technology
• optimize the performance of the supply chain

“These projects, with government support, will expand Australian manufacturing, build capacity and support, and create critical jobs in Australia.”

Entries for the second round must demonstrate how projects are addressing the vulnerabilities identified in the Sovereign Manufacturing Capacity Plan and how they are working with industry to identify sourcing options.

Share.

About Author

Comments are closed.