Vik Bansal Supports the MMI from the Australian government
Every government in the world has a role to play in all industries. When the government is involved in all the processes in the corporate section, it becomes easy to regulate prices for consumers, get good quality products and increase employment opportunities. The Australian leadership has always been keen on the different activities happening in all its industries. Every time entrepreneurs need help, regardless of the size of their businesses, they cry to the government for assistants. The grants and loans provided by the government have been very helpful over the years. This powerful government announced some amazing programs in October 2020. The country launched the Modern Manufacturing Initiative, popularly called MMI so that it could boost the manufacturers based in the country. The government has given $1.3 billion for the manufacturers, an initiative supported by top corporate leaders in the country such as Vik Bansal CEO. In the coming months, the amount of money provided by the government will empower the companies who need not want to get into manufacturing any more.
Australia began to notice a decrease in its manufacturing section several years ago. Although the nation has a lot of capability, most of its raw commodities were being given to other countries. With a boost in the manufacturing section, Vik Bansal sees a change in the quality of products delivered to the country. The economy of the country will grow significantly with the presence of more manufacturers. The unemployment rate is expected to reduce. The number of graduates leaving universities and suffering for many years without good jobs will reduce significantly. Vik Bansal and his InfraBuild institution are among the companies who qualify for the funds provided by the Australian government. The society will never be the same in the presence of all the excellent features brought by the boost in the manufacturing department.
Learn more about Vik Bansal: https://www.bloomberg.com/profile/person/18730681