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 growth is recognised as one of the nation’s high priorities, therefore numerous rising alternatives abound for Africa to industrialize. To seize such opportunities, African governments are required to implement progressive approaches to industrial coverage, one of which is an elevated give attention to the position of Special Economic Zones (SEZs) and industrial parks as instruments of industrial development.
Industrial Parks and SEZ’s are two of the spatial interventions identified by the South African government and are subsequently aligned with world approaches. Industrial spaces could be leveraged as catalysts for socio-economic improvement. All issues considered, such spaces are recognised as enablers and are subsequently usually managed as such, and never for rent-seeking functions. Moreover, industrial parks and SEZs effectively lend themselves as areas for piloting and experimentation of recent technologies and completely different approaches to industrial improvement, as properly as for community and environmental programmes owing to the nexus between these three features.
Industrial parks and SEZs, in addition to related industrial areas, have the potential to develop the economy as a end result of owing to the opportunities for employment and establishing new companies and worth chains. This consequently develops the tax base and local financial exercise which is crucial in facilitating social development. The myriad of interventions established via industrial areas help industrial and financial improvement, the transition to smart cities and transformation to a green financial system as properly as facilitate adoption of 4th Industrial Revolution options. What’s extra, such interventions present a platform for widespread engagement of a quantity of stakeholders that supports win-win outcomes serving financial, social and environmental pursuits. Accordingly, industrial parks and SEZ’s have the propensity to supply elevated worth, assuming the required planning and implementation is pursued proactively.
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There are at present an estimated 4000 industrial zones globally (SEZ’s, EPZ, FTZ’s etcetera), evidently demonstrating the validity of such mechanisms. There is, however, debate as to the success of those zones and research has subsequently identified a quantity of success elements, such as governance, enabling regulatory frameworks, location and kinds of services provided. Suffice pressure gauge ไท วัสดุ to say, it stays worthwhile to discover the training gained in executing such spaces and the impression on supporting economic activities in a sustainable manner that assist constructive 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 critical function in the effectuation of South Africa’s economic reconstruction and restoration plan. This finally stems from the SEZ Programme representing the core of the reimagined industrial strategy, which is purposefully structured to stimulate local and overseas direct investments.
Notwithstanding the catastrophic impact of the COVID-19 pandemic on international economies, the worth of personal investments in the South African SEZs saw a R1.eight billion increase from March 2019 to March 2020, whereas the variety of operational investments rose from 129 to 143 in the same time frame. It is projected that the quantity and worth of operational investments will increase by virtually R10 billion when the subsequent financial year ends.
Industrial Parks and Special Economic Zones represent a key characteristic throughout the conference of the upcoming and eagerly awaited Manufacturing Indaba. The virtual convention and exhibition, to be hosted between 22 – 25 November 2021, is ready to assemble international industry consultants to deal with technological innovations and evolving tendencies, while in search of actionable options to pressing challenges. The platform will empower thought leaders to trade concepts, insights and experiences and serves to raise consciousness of emerging alternatives within the realm that’s manufacturing.

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