logo

Obama launches drive to spur US manufacturing

Obama launches drive to spur US manufacturing
Aiming to make the US innovation and manufacturing hub of the world, President Barack Obama on Monday announced a slew of measures and executive actions to spur growth in these sectors. As a result of the previous measures taken by the Obama Administration, more than 7,00,000 new jobs have been added to the manufacturing sector since February 2010.

Aimed at building on the momentum and making US the innovation and manufacturing hub of the world, the new steps were focused on enabling innovation, securing the talent pipeline and improving the business climate, the White House said. Prominent among the executive actions was investing more than USD 300 million in emerging manufacturing technologies critical for US competitiveness.
Other major steps were to spur innovation by providing manufacturers access to new and expanded state-of-the-art facilities like those at national labs, laun new tools and a five-year initial investment to support innovative small manufacturers in the supply chain.

Obama was scheduled to meet President's Council of Advisers on Science and Technology (PCAST)-an advisory group of the Nation's leading scientists and engineers-later in
the day. The council of advisers is chaired by Andrew Liveris, president, chairman, and CEO of the Dow Chemical Company, and Rafael Reif, president of the Massachusetts Institute of Technology. Indian American Ajit Manocha, Senior Adviser to Global Foundries, is also one of its members.

PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top