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 improvement is recognised as one of the nation’s high priorities, therefore various emerging alternatives abound for Africa to industrialize. To seize such opportunities, African governments are required to implement innovative approaches to industrial coverage, certainly one of which is an elevated focus on the position of Special Economic Zones (SEZs) and industrial parks as devices of industrial growth.
Industrial Parks and SEZ’s are two of the spatial interventions identified by the South African authorities and are subsequently aligned with global approaches. Industrial spaces may be leveraged as catalysts for socio-economic growth. All things thought of, such areas are recognised as enablers and are therefore typically managed as such, and not for rent-seeking functions. Moreover, industrial parks and SEZs effectively lend themselves as areas for piloting and experimentation of new applied sciences and completely different approaches to industrial development, in addition to for neighborhood and environmental programmes owing to the nexus between these three aspects.
Industrial parks and SEZs, in addition to related industrial spaces, have the potential to grow the economic system because owing to the alternatives for employment and establishing new businesses and value chains. เกจวัดแรงดันดิจิตอล develops the tax base and native economic exercise which is crucial in facilitating social improvement. The myriad of interventions established via industrial spaces assist industrial and financial development, the transition to smart cities and transformation to a green economic system as nicely as facilitate adoption of 4th Industrial Revolution solutions. What’s extra, such interventions present 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 provide increased value, assuming the necessary planning and implementation is pursued proactively.
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There are presently 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 research has subsequently recognized a number of success elements, such as governance, enabling regulatory frameworks, location and forms of companies offered. Suffice it to say, it remains worthwhile to explore the learning gained in executing such areas and the impact on supporting financial activities in a sustainable manner that help 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 within the effectuation of South Africa’s economic reconstruction and restoration plan. This ultimately stems from the SEZ Programme representing the core of the reimagined industrial strategy, which is purposefully structured to stimulate local and foreign direct investments.
Notwithstanding the catastrophic influence of the COVID-19 pandemic on international economies, the worth of personal investments within the South African SEZs noticed a R1.8 billion increase from March 2019 to March 2020, while the number of operational investments rose from 129 to 143 in the identical time frame. It is projected that the quantity and worth of operational investments will improve by nearly R10 billion when the subsequent monetary yr ends.
Industrial Parks and Special Economic Zones represent a key function throughout the convention of the upcoming and eagerly awaited Manufacturing Indaba. The digital conference and exhibition, to be hosted between 22 – 25 November 2021, is ready to assemble international industry experts to handle technological innovations and evolving developments, whereas seeking actionable solutions to urgent challenges. The platform will empower thought leaders to exchange concepts, insights and experiences and serves to lift consciousness of rising alternatives within the realm that is manufacturing.
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