The Role of SEZs and Industrial Parks within 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 the nation’s top priorities, due to this fact various rising opportunities abound for Africa to industrialize. To seize such opportunities, African governments are required to implement progressive approaches to industrial coverage, considered one of which is an elevated focus on the role of Special Economic Zones (SEZs) and industrial parks as instruments of industrial growth.
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 can be leveraged as catalysts for socio-economic improvement. All things thought of, such areas are recognised as enablers and are due to this fact often managed as such, and not for rent-seeking purposes. Moreover, เกจวัดแรงดัน and SEZs successfully lend themselves as areas for piloting and experimentation of latest technologies and completely different approaches to industrial development, as nicely as for community and environmental programmes owing to the nexus between these three elements.
Industrial parks and SEZs, in addition to related industrial areas, have the potential to grow the economic system as a outcome 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 important in facilitating social development. The myriad of interventions established via industrial spaces assist industrial and economic 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 more, 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 provide increased 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, nevertheless, debate as to the success of these zones and analysis has subsequently identified a quantity of success factors, similar to governance, enabling regulatory frameworks, location and forms of services supplied. Suffice it to say, it remains worthwhile to discover the educational gained in executing such areas and the impression on supporting economic actions in a sustainable manner 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 critical position in the effectuation of South Africa’s financial reconstruction and restoration plan. This in the end stems from the SEZ Programme representing the core of the reimagined industrial strategy, which is purposefully structured to stimulate native and overseas direct investments.
Notwithstanding the catastrophic impact of the COVID-19 pandemic on world economies, the worth of personal investments within the South African SEZs saw a R1.eight billion enhance from March 2019 to March 2020, while the variety 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 improve by almost R10 billion when the next monetary 12 months ends.
Industrial Parks and Special Economic Zones represent a key characteristic within the convention of the upcoming and eagerly awaited Manufacturing Indaba. The virtual conference and exhibition, to be hosted between 22 – 25 November 2021, is about to assemble international business consultants to deal with technological improvements and evolving developments, while looking for actionable options to pressing challenges. The platform will empower thought leaders to trade ideas, insights and experiences and serves to lift awareness of rising alternatives throughout the realm that’s manufacturing.