Victoria’s medical, food and beverage businesses will become world leaders after a $1.5 billion budget plan to kickstart the nation’s manufacturing sector was unveiled.

It’s said it will create 300,000 jobs.

“It will be grants, it’s not a subsidy,” Karen Andrews, the minister for industry, science and technology told 3AW Breakfast.

“We’re not here gifting money.

“What we are looking for is business to business collaboration.

“Innovation is a key part of it.”

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