NSW looks to global investment in advanced manufacturing

The NSW government, in launching its international investment strategy, pointed to the state’s capabilities in advanced manufacturing.

Named Global NSW, the strategy hopes to attract investment into the state from overseas companies and governments for the benefit of NSW.

In launching the strategy, NSW Premier, Gladys Berejiklian, highlighted major projects underway in the state.

“As Premier, I have worked hard to bring international investment into NSW, helping to secure 17 MOUs into our Western Sydney Aerotropolis,” said Berejiklian.

“This international investment will translate to high quality local jobs.”

A focus of the strategy will be on engaging with Australia’s Asian neighbours, as well as partners in the UK and the US. NSW will overhaul the state’s trade and investment network, and appoint an Agent General in London, as well as five senior NSW commissioners in Mumbai, New York, Shanghai, Singapore, and Tokyo.

Industries covered apply NSW’s capabilities in advanced manufacturing processes to high growth areas, such as health, defence and aerospace, food and agribusiness, resources, and infrastructure.

NSW Treasurer, Dominic Perrottet, outlined what sectors of the economy would be targeted in the strategy.

“NSW has always been a leader, not a follower, and as part of this Strategy we will target growth in sectors such as medtech, cybersecurity, space, advanced manufacturing, quantum computing and blockchain,” he said.

The launch of Global NSW, with its focus on advanced manufacturing, follows the release of the NSW 2040 Economic Blueprint, which foregrounded the role of advanced manufacturing in the NSW economy.