PRESSURETHAI LOGO.png

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 prime priorities, subsequently various rising alternatives abound for Africa to industrialize. To seize such alternatives, African governments are required to implement progressive approaches to industrial coverage, certainly one of which is an increased focus on the position of Special Economic Zones (SEZs) and industrial parks as instruments of industrial improvement.
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 development. All things thought-about, such spaces are recognised as enablers and are subsequently typically managed as such, and never for rent-seeking purposes. Moreover, industrial parks and SEZs successfully lend themselves as areas for piloting and experimentation of new technologies and totally different approaches to industrial improvement, in addition to for community and environmental programmes owing to the nexus between these three elements.
Industrial parks and SEZs, in addition to associated industrial spaces, have the potential to grow the economic system 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 economic exercise which is crucial in facilitating social development. The myriad of interventions established via industrial spaces assist industrial and economic improvement, the transition to good cities and transformation to a green financial system as nicely as facilitate adoption of 4th Industrial Revolution solutions. What’s extra, such interventions provide a platform for widespread engagement of multiple stakeholders that supports win-win outcomes serving financial, social and environmental pursuits. Accordingly, industrial parks and SEZ’s have the propensity to supply elevated value, assuming the required planning and implementation is pursued proactively.
READ: Germany pledges US $116M for renewable power in Africa

There are currently an estimated 4000 industrial zones globally (SEZ’s, EPZ, FTZ’s etcetera), evidently demonstrating the validity of such mechanisms. There is, nonetheless, debate as to the success of these zones and analysis has subsequently recognized a quantity of success factors, corresponding to governance, enabling regulatory frameworks, location and kinds of services supplied. Suffice it to say, it remains worthwhile to discover the educational gained in executing such areas and the impact on supporting economic actions in a sustainable method 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 important function in the effectuation of South Africa’s financial reconstruction and recovery plan. This finally stems from the SEZ Programme representing the core of the reimagined industrial technique, which is purposefully structured to stimulate local and foreign direct investments.
Notwithstanding ไดอะแฟรม ซีล of the COVID-19 pandemic on global economies, the value of personal 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 timeframe. It is projected that the number and value of operational investments will enhance by virtually R10 billion when the subsequent financial 12 months ends.
Industrial Parks and Special Economic Zones represent a key feature inside the convention of the upcoming and eagerly awaited Manufacturing Indaba. pressure gauge octa and exhibition, to be hosted between 22 – 25 November 2021, is set to assemble worldwide business specialists to deal with technological innovations and evolving tendencies, whereas looking for actionable options to pressing challenges. The platform will empower thought leaders to change concepts, insights and experiences and serves to boost awareness of emerging alternatives inside the realm that is manufacturing.
Share

Recent Posts