InfraBuild, Australia’s foremost integrated steel manufacturing, distribution, and recycling firm, has hired Vik Bansal as its new Chief Executive Officer. Mr. Bansal fought to improve not only the company but the waste management industry. He also campaigned for Australia to construct recycling infrastructures during his stay there. He shares similar hopes for Australia’s manufacturing industry, believing that with hard effort, it, too, can expand in strength.
Vik Bansal claims that Australia’s industrial industry has deteriorated to the disadvantage of everyone. Industrial production accounted for 30% of Australia’s Economic Output 50 years ago in the 1970s, but it now accounts for as little as 6%. Mr. Bansal says that the country would prefer to sell raw materials to other regions of the world, which will then add more value to them before importing the goods back into the country.
The Modern Manufacturing Initiative (MMI) is a $1.3 billion effort designed to help Australian manufacturers make long-term changes. The MMI is an important part of the administration’s Modern Strategic Plan, which intends to tap into Australia’s manufacturing potential and boost the economy.
According to Bansal, a prospering production and steel industry is just what Australia needs to move on after the epidemic. Covid-19 has altered the way governments and companies around the globe see their distribution networks and operations. The future of manufacturing in Australia excites Vik Bansal. He claims that the government has established a clear and consistent plan to make sure that the nation’s steel industry flourishes.
Before becoming the CEO of InfraBuild, Vik Bansal was the Chief Executive Officer and Managing Director of Cleanaway Waste Management. He has a sound track record of leading industry institutions with over 20 years of experience. Mr. Bansal has held a variety of executive positions in other countries, including the United States.
Learn more about Vik Bansal: https://www.vikbansalceo.com