The Obama administration has announced setting up of an institute for manufacturing innovations which will help prevent jobs going to India and China.
US President Barack Obama said this institute will help make sure that manufacturing jobs of tomorrow take root not in places like China or India, but in the United States of America itself.
The National Additive Manufacturing Innovation Institute ( NAMII), which will be based in Ohio, will be a public-private partnership initiative and has received $70 million as the initial financial assistance.
On March 9, Obama had announced plans to invest $1 billion to catalyze a network of up to 15 manufacturing innovation institutes around the country that would serve as regional hubs of manufacturing excellence and help to make manufacturers more competitive and encourage investment in the United States.
Obama also announced immediate steps to launch a pilot institute to serve as a proof of concept for the NNMI.