Australian Prime Minister Scott Morrison has said the Australian government will spend A$324 million on expanding the Supply Chain Resilience Initiative (SCRI) if he is re-elected in the upcoming federal election on May 21. .
He pointed out that A$15m of the total will be used to support supply chain monitoring. This would include A$4.3m to enhance the CSIRO Transport Network Strategic Investment Tool to model national transport supply chains, A$10m to map and monitor critical supply chains to proactively identify vulnerabilities before they arise, while A$1.3m would be used to commission the Chief Scientist to develop a National Semiconductor Plan to meet supply current and future.
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Meanwhile, A$27.3 million will be distributed to 18 successful semiconductor and water treatment chemical projects under the second round of SCRI grants.
“Securing our supply chains is a fundamental part of keeping Australia stronger and safer,” Morrison said.
“The strength of our supply chains matters because they affect every part of our economy.”
On Friday, Labor announced another campaign pledge to set up a Critical Technology Fund to provide A$1 billion of investment support in the form of loans, equity and guarantees for businesses in the areas technologies, including quantum computing, AI, robotics and software development.
The move is part of Labor’s goal to “work with industry to create 1.2 million tech jobs by 2030”.
“Our AU$1 billion Critical Technology Fund is an investment in building the strategic capacity of industry in Australia, fueling future economic growth, job creation and averting a brain drain that is undermining vital talents of our country,” said the Shadow Minister of Industry and Innovation. Husic said.
Other items on the agenda of the two major political parties during their six-week federal election campaigns also include a royal commission on robotic debt, expanding eSafety capabilities, passing laws anti-trolling and closing the multinational tax evasion loophole.