The lives of many people across the world took a downward trajectory after the advent of coronavirus. People across different sectors lost employment as governments across the world introduced travel restrictions. Such restrictions meant economic growth was hampered, and people had to adjust to the new normal. Australia is among the countries that were hit by the coronavirus pandemic wave. The service industry almost came to its knees as the disease ravaged the health and hospitality sector. However, with the development of different types of vaccines, things are slowly beginning to go back to normalcy. The manufacturing industry in Australia is regaining its operation with anticipation of faster growth because of multi-sectorial efforts being put into the sector. Vik Bansal InfraBuild, the Chief Executive Officer of InfraBuild, is very optimistic about the industry gaining its lost glory amid the adversaries caused by the pandemic. He focuses on creating a manufacturing industry that will create job opportunities for many people and reduce the number of people who depend solely on the service industry.
Vik Bansal notes that in the early 1970s, the manufacturing industry was very vibrant in Australia, and it employed over 30% percent of the population. However, this one changed because there was less focus on the manufacturing sector, and raw materials could be transported outside the country and later imported back as finished goods. He is confident that his waste management skills in manufacturing will help the country in waste management and to become cleaner and sustainable. Vik Bansal is optimistic that with the Modern Manufacturing Initiative fund worth $1.3 billion, the manufacturing industry will regain its lost glory and become among the most significant contributors to the Gross Domestic Product (GDP).
About Vik Bansal
Vik Bansal has been an astute leader in the manufacturing sector for over 20 years. He has headed successful companies in the United States of America, Australia and Asia. Before joining InfraBuild, he was the Chief Operating Officer of Valmont Industries Inc., with an estimated worth of $3.3billion.
Follow Vik Bansal at Twitter: http://Twitter.com/vikbansalCEO