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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 varied rising opportunities abound for Africa to industrialize. To seize such alternatives, African governments are required to implement innovative approaches to industrial coverage, considered one of which is an elevated concentrate on the function of Special Economic Zones (SEZs) and industrial parks as devices of commercial improvement.
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 areas can be leveraged as catalysts for socio-economic development. เพรสเชอร์เกจ thought-about, such spaces are recognised as enablers and are subsequently typically managed as such, and not for rent-seeking functions. Moreover, industrial parks and SEZs effectively lend themselves as spaces for piloting and experimentation of new technologies and different approaches to industrial growth, as properly as for neighborhood and environmental programmes owing to the nexus between these three aspects.
Industrial parks and SEZs, in addition to associated industrial areas, have the potential to develop the economy as a result of owing to the alternatives for employment and establishing new businesses and value chains. This consequently develops the tax base and local financial activity which is important in facilitating social growth. The myriad of interventions established by way of industrial spaces help industrial and financial growth, the transition to sensible cities and transformation to a green economy as properly as facilitate adoption of 4th Industrial Revolution options. What’s extra, such interventions provide a platform for widespread engagement of multiple stakeholders that helps 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.
READ: Germany pledges US $116M for renewable energy in Africa

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 these zones and analysis has subsequently recognized a number of success elements, similar to governance, enabling regulatory frameworks, location and kinds of companies offered. Suffice it to say, it remains worthwhile to discover the learning gained in executing such areas and the influence on supporting financial actions in a sustainable method that help optimistic industrial, social and environmental outcomes.
pressure gauge 10 bar and Industrial Parks Programmes of the Department of Trade, Industry and Competition (the dtic) will play a crucial position within the effectuation of South Africa’s economic reconstruction and restoration plan. This in the end 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 the catastrophic impression of the COVID-19 pandemic on global economies, the worth of private investments in the South African SEZs noticed a R1.8 billion improve from March 2019 to March 2020, whereas the variety 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 virtually R10 billion when the subsequent monetary 12 months ends.
Industrial Parks and Special Economic Zones symbolize a key feature inside the conference of the upcoming and eagerly awaited Manufacturing Indaba. The digital conference and exhibition, to be hosted between 22 – 25 November 2021, is about to assemble worldwide business specialists to deal with technological improvements and evolving tendencies, whereas looking for actionable solutions to pressing challenges. The platform will empower thought leaders to change concepts, insights and experiences and serves to boost consciousness of emerging alternatives within the realm that is manufacturing.
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