Australia securing the future of its food industry

- Last updated on GMT

Related tags: Food industry, Industry, Australia

The food industry is Australia's largest secondary industry and of
particular importance in regional Australia, reports Industry
Search News.

"The...

The food industry is Australia's largest secondary industry and of particular importance in regional Australia, reports Industry Search News. "The funding will help to secure the jobs of the more than 225,000 people already working in the food industry and provide further employment in this vital and growing sector of the economy,"​ said Warren Truss, the Australian Minister for Agriculture Fisheries and Forestry. The National Food Industry Strategy will provide a framework for the industry and the government to work together to ensure the growth of a sustainable, innovative and globally competitive Australian food industry. "The Australian food industry recorded on average 8 per cent increase in exports each year over the past 10 years,"​ the Minister said. "In developing the National Food Industry Strategy we will be conducting extensive consultations with all sections of the industry and regional communities to help build on the industry's success to date."​ The strategy will address issues such investment capital, use of e-commerce, innovation, transport, packaging and related services in order to create a framework that will encourage existing food manufacturers and processors to expand their operations. The scope of the strategy will include processed foods, beverages and ingredients, and value added horticultural produce. These industries are worth over $60 billion and employ more than 225,000 people, many in rural and regional Australia. Source: Industry Search News

Related topics: Market Trends

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