Arab Today, arab today australian businesses to be given multimillion us dollar grant
Last Updated : GMT 17:54:52
Arab Today, arab today
Arab Today, arab today

Australian businesses to be given multi-million US dollar grant

Arab Today, arab today

Arab Today, arab today Australian businesses to be given multi-million US dollar grant

Australian manufacturers
Canberra - XINHUA

Australian manufacturers will reap the benefits of a jointly-funded, multi-million dollar project aimed at improving international competitiveness in a wide range of industries.

Prime Minister Tony Abbott announced the 40-million-U.S dollar contribution from the government on Wednesday, which complements an investment of more than 160 million U.S dollars from existing manufacturers.

The project, known as the Manufacturing Transition Program, would give Australian businesses the "confidence to back themselves and carve their place in a changing global market," the prime minister said.

Abbott said a range of companies would receive the funding, which would serve to upgrade workplace technology and offer more jobs to Australians.

"Nineteen businesses will receive between 1-million and 5- million Australian dollars to improve their competitiveness by investing in new capital equipment and plant improvements," he said in a statement on Wednesday.

"The program seeks to encourage Australian manufacturers to invest in more sophisticated and knowledge-intensive manufacturing. This will create high value jobs in areas where the greatest economic opportunities exist."

Abbott said the investment would create returns for everyday Australians by allowing Australian manufacturers to offer their services more competitively than other international businesses, which would in turn benefit the Australian economy.

"This program complements other Commonwealth government initiatives, such as the abolition of the carbon and mining taxes, to provide the right policy settings for investment and to improve the competitiveness of Australian manufacturing," he said.

Abbott added that businesses had to submit convincing arguments as to why they should get the Commonwealth-assisted grant.

He said a rigorous selection process determined the best candidates for the funding.

"Successful projects were awarded through a competitive, merit based process, and based on advice from an expert technical committee."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian businesses to be given multimillion us dollar grant Arab Today, arab today australian businesses to be given multimillion us dollar grant

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian businesses to be given multimillion us dollar grant Arab Today, arab today australian businesses to be given multimillion us dollar grant

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday