The Role of SEZs and Industrial Parks in the Manufacturing Industry

Sustainable Development Goal 9 was formulated and adopted in view of Africa’s inefficacy to industrialize. This policy intends to ‘build resilient infrastructure, promote sustainable industrialization and foster innovation’. Industrial development is recognised as one of many nation’s top priorities, due to this fact numerous rising alternatives abound for Africa to industrialize. To seize such alternatives, African governments are required to implement revolutionary approaches to industrial coverage, considered one of which is an increased give consideration to the function of Special Economic Zones (SEZs) and industrial parks as devices of commercial development.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African government and are subsequently aligned with international approaches. Industrial areas may be leveraged as catalysts for socio-economic improvement. All things considered, such spaces are recognised as enablers and are subsequently usually managed as such, and not for rent-seeking purposes. Moreover, industrial parks and SEZs effectively lend themselves as areas for piloting and experimentation of recent technologies and completely different approaches to industrial growth, as properly as for community and environmental programmes owing to the nexus between these three features.
Industrial parks and SEZs, as nicely as associated industrial areas, have the potential to grow the financial system as a result of owing to the opportunities for employment and establishing new businesses and worth chains. This consequently develops the tax base and local economic activity which is crucial in facilitating social growth. The myriad of interventions established through industrial areas support industrial and financial improvement, the transition to smart cities and transformation to a green economy in addition to facilitate adoption of 4th Industrial Revolution solutions. What’s more, such interventions provide a platform for widespread engagement of multiple stakeholders that supports win-win outcomes serving financial, social and environmental interests. Accordingly, industrial parks and SEZ’s have the propensity to offer elevated value, assuming the required planning and implementation is pursued proactively.
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There are currently an estimated 4000 industrial zones globally (SEZ’s, EPZ, FTZ’s etcetera), evidently demonstrating the validity of such mechanisms. There is, nevertheless, debate as to the success of those zones and analysis has subsequently identified multiple success components, similar to governance, enabling regulatory frameworks, location and types of providers supplied. Suffice it to say, it stays worthwhile to discover the training gained in executing such spaces and the impression on supporting economic actions in a sustainable method that help optimistic industrial, social and environmental outcomes.
The Special Economic Zones and Industrial Parks Programmes of the Department of Trade, Industry and Competition (the dtic) will play a crucial position in the effectuation of South Africa’s economic reconstruction and recovery plan. This in the end stems from the SEZ Programme representing the core of the reimagined industrial technique, which is purposefully structured to stimulate native and overseas direct investments.
Notwithstanding the catastrophic impact of the COVID-19 pandemic on global economies, the value of private investments in the South African SEZs noticed a R1.8 billion enhance from March 2019 to March 2020, whereas the number of operational investments rose from 129 to 143 in the identical time-frame. It is projected that the number and value of operational investments will enhance by virtually R10 billion when the subsequent monetary 12 months ends.
Industrial Parks and Special Economic Zones represent a key function throughout the conference of the upcoming and eagerly awaited Manufacturing Indaba. ชนิดของpressuregauge and exhibition, to be hosted between 22 – 25 November 2021, is ready to assemble worldwide trade specialists to address technological innovations and evolving tendencies, whereas seeking actionable options to pressing challenges. The platform will empower thought leaders to change concepts, insights and experiences and serves to raise awareness of emerging alternatives throughout the realm that is manufacturing.

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