The proposed changes are aimed are giving local industry full, fair and reasonable opportunity to participate in State based resource projects without chasing international interest away.
The global market conditions that made it difficult for WA companies to compete against fabricators and suppliers in Asia have prompted the State Government to put a new plan in place to improve communication between suppliers and project proponents.
The strategy involves proponents of resource projects in their ability to engage with local manufacturers and suppliers. The proponents will also need to demonstrate their local involvement in areas including investment in research and development, regional and community initiatives, support for training and skilling, indigenous employment, and overseas opportunities for competitive local suppliers.
The Government will from its side also explore future opportunities for local companies in new and emerging markets, as well as the renegotiation of the Industry Capability Network WA?s contract with the Chamber of Commerce and Industry.
According to the Department, ?The resource-based investment anticipated to occur over the next five years will be the key determinant of the State?s economic performance, and that success of local industry in domestic supply should be the basis for expansion overseas.?
For more information on the WA Government?s new approach, visit http://www.commerce.wa.gov.au/localindustryparticipation
Sources: WA Department of Commerce, Australian Bulk Handling Review
