Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Toshiba boosts Australia's new economy.

Download PDFDownload PDF

Toshiba Boosts Australia's New Economy In recognition of its contribution to Australia's IT industry, which is the engine room of the information economy, Toshiba (Australia) Pty Ltd was today presented with a Graduate Partner certificate under the Partnerships for Development (PfD) program by the Minister for Communications, Information Technology and the Arts, Senator Richard Alston.

'Australia's reputation as a world leader in new technology continues to grow thanks to work by companies such as Toshiba,' Senator Alston said.

'Since joining the program in November 1993, Toshiba has invested over $16 million in Research and Development (R&D), and achieved exports in excess of $176 million.

'Through their commitment to the Australian Information Technology (IT) sector Toshiba has assisted the development of local SMEs, generated new high skilled jobs and contributed to research and development.

'Toshiba's contract with local company GPC Pty Ltd generated $150 million in income to the Australian IT industry and involved a number of Australian SMEs in several States as component suppliers to GPC.

'GPC is one of many local companies benefiting from the new economy, with the latest ABS figures showing an increase of 52% in the number of computing services businesses since June 1996, representing an annualised growth rate of 15% since the Coalition came into office.

'With the continued strong uptake of new technologies, Australia is now fourth in the world for Internet use. More than half of all Australian homes have a personal computer.'

'Major multinational IT companies are increasingly taking advantage of Australia's attractive business environment, high quality intellectual capital and skills sets and great record for

innovation. Recently, IBM announced the establishment of one of its global electronic commerce centres in Australia rather than in Singapore.

'IBM Chief Executive David Thodey paid tribute to the Government's initiatives for assisting the IT&T sector. When asked why IBM had decided to locate its global e-commerce business centre in Sydney, Mr Thodey made it clear that Australia came up trumps across the four major criteria, namely telecommunications infrastructure, skills, livability and the legislative environment.

'Australia's growing reputation as a new economy and the continued confidence by major IT&T players in our domestic market has Australia well placed to become a major information technology centre.

'This Government is committed to assisting companies by removing barriers so that Australia's IT sector can continue to grow. With initiatives such as the $78 million Building on Information Technology Strengths (BITS) incubators program and the Information Technology Online (ITOL) program Australia's IT industry will expand further.'

Employing 343 people, Toshiba's range of products include laptop and notebook computers, photocopiers, fax machines, laser printers and medical diagnostic imagining equipment.

The PfD program encourages IT&T companies doing significant business with the Commonwealth Government to look at how Australia's capabilities can contribute to their company's global development. With a focus on globally oriented activities, companies are particularly encouraged to consider new investments in Australia and strategic alliances with Australian SME's.

The PfD progam now has around 100 participants with over $3.2 billion invested in R&D and exports of over $12 billion achieved by PfD companies.

Media contact: Sasha Grebe, Minister's office, 0409 445 246 Website: 102/00 30 August 2000

DCITA Homepage - How to use this site - Evaluation form - Privacy statement Text Copyright © Commonwealth of Australia 2000 Messages or comments about the site can be sent to ID: 5211, Last updated: 2000-08-31 15:17, Hits: 5