Victoria set for $144m trade boost
Premier Denis Napthine led the delegation of 300 automotive, food, aviation, education and healthcare businesses to five Asian countries in June. Businesses gained financial support to participate and were required to submit evaluation of sales, anticipated exports and extra jobs created over the next two years as a result of the mission.
An estimated 319 new jobs were created, Dr Napthine said.
Evaluation by the government shows the companies involved generated immediate sales of $331,110 and anticipated $35 million more in the next 12 months and a further $108 million the following year.
"This program has helped Victoria become Australia's leading export state with our exports increasing by 4.8 per cent; a greater increase than any other state or territory and well above the national rate of 0.9 per cent," Dr Napthine said in a statement.
At the time, Indonesia's telco, Telkom Indonesia, announced it would open a Melbourne office and a subsidiary of Singapore Airlines said it would expand maintenance operations, creating up to 100 jobs.
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An evaluation suggested the Victorian trade mission generated about $300,000 in immediate sales and was expected to create $144 million in export benefits over the next two years. Government reporting also showed immediate sales of $331,110 with anticipated exports of $35 million in the next 12 months and a further $108 million the following year.
The delegation included 300 businesses across automotive, food, aviation, education and healthcare sectors. The article also notes commercial moves by major firms at the time, including Telkom Indonesia announcing a Melbourne office and a subsidiary of Singapore Airlines planning to expand maintenance operations.
The state estimated the mission helped create about 319 new jobs. Separately, Telkom Indonesia announced it would open a Melbourne office and a Singapore Airlines subsidiary said it would expand maintenance operations — actions reported to create up to 100 jobs.
Premier Denis Napthine led the delegation of 300 businesses to five Asian countries in June, representing a mix of industries including automotive, food, aviation, education and healthcare.
Businesses received financial support to take part in the mission and were required to submit evaluations detailing sales achieved, anticipated exports and any additional jobs expected over the next two years as a result of the trip.
According to Premier Denis Napthine, the program contributed to Victoria becoming Australia’s leading export state, with exports rising 4.8% — a greater increase than any other state or territory and well above the national rate of 0.9%.
Government evaluation reported immediate confirmed sales of $331,110, plus anticipated additional sales of about $35 million in the next 12 months and about $108 million in the following year, supporting the two‑year $144 million export benefit forecast.
Everyday investors may want to monitor sectors highlighted by the mission — such as aviation, education, food and automotive — and corporate moves like Telkom Indonesia opening a Melbourne office or Singapore Airlines’ maintenance expansion, as these announcements can signal local export growth, job creation and potential business opportunities in Victoria.
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