Launch of an ITP project on advanced manufacturing for public consultation
Economic and Regional Development Minister Stuart Nash launched the draft Advanced Manufacturing Industry Transformation Plan for public consultation today at the EMEX show in Auckland. Budget 2022 provided $30 million to enable the first steps in implementing the Plan.
“Advanced manufacturing is a key sector for New Zealand, representing over 10% of our economy and workforce. The launch of this industry transformation plan today represents the commitment of our government in favor of a high-wage, low-emissions economy,” Stuart Nash said.
“Our government has announced eight different Industry Transformation Plans (ITPs) targeting sectors with significant potential for transformational change. We are developing these plans in partnership with businesses, unions and labour, Maori and stakeholders to identify both a long-term vision and short-term long-term actions to strengthen the performance of our core sectors.
“The advanced manufacturing sector is not only our biggest contributor to exports, accounting for 73.5% of merchandise exports ($44.5 billion), it also represents the diversity of Aotearoa. the second largest employer of Māori and the largest employer in Pasifika and forms a significant share of employment in the New Zealand region.
“ITPs are a key mechanism for delivering our industrial policy, and this plan will provide an overview of New Zealand’s advanced manufacturing sector and outline a series of actions to accelerate its growth and transformation.
“Ultimately, the final plan will help increase the productivity of New Zealand’s advanced manufacturing while transforming it into a sustainable, circular and globally competitive low-emissions sector,” said Stuart Nash.
Public consultation on the Advanced Manufacturing ITP project is open from June 1 to July 13, 2022. There are a range of engagement opportunities over the next six weeks, including in-person workshops and webinars across New Zealand.
(With contributions from the New Zealand government press release)