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 growth is recognised as one of many nation’s high priorities, therefore varied rising opportunities abound for Africa to industrialize. To seize such alternatives, African governments are required to implement revolutionary approaches to industrial policy, certainly one of which is an elevated focus on the role of Special Economic Zones (SEZs) and industrial parks as devices of business growth.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African authorities and are subsequently aligned with global approaches. Industrial areas 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 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, in addition to for group and environmental programmes owing to the nexus between these three aspects.
Industrial parks and SEZs, as nicely as associated industrial areas, have the potential to develop the financial system as a outcome of owing to the opportunities for employment and establishing new companies and value chains. This consequently develops the tax base and local economic activity which is critical in facilitating social improvement. เกจ์วัดแรงดันแก๊ส of interventions established through industrial spaces help industrial and economic growth, the transition to sensible cities and transformation to a green economy in addition to facilitate adoption of 4th Industrial Revolution solutions. What’s extra, such interventions present a platform for widespread engagement of a number of stakeholders that supports win-win outcomes serving financial, social and environmental interests. Accordingly, industrial parks and SEZ’s have the propensity to offer increased value, assuming the required planning and implementation is pursued proactively.
READ: Germany pledges US $116M for renewable power 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 those zones and analysis has subsequently recognized multiple success components, corresponding to governance, enabling regulatory frameworks, location and types of companies offered. Suffice it to say, it remains worthwhile to discover the educational gained in executing such areas and the impact on supporting financial 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 important position 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 international direct investments.
Notwithstanding the catastrophic influence of the COVID-19 pandemic on international economies, the value of personal investments in the South African SEZs noticed a R1.eight billion improve from March 2019 to March 2020, whereas the number of operational investments rose from 129 to 143 in the same time-frame. It is projected that the number and value of operational investments will improve by virtually R10 billion when the following financial year ends.
Industrial Parks and Special Economic Zones represent a key feature within the conference of the upcoming and eagerly awaited Manufacturing Indaba. The digital convention and exhibition, to be hosted between 22 – 25 November 2021, is about to assemble international trade consultants to deal with technological innovations and evolving trends, whereas looking for actionable solutions to pressing challenges. The platform will empower thought leaders to exchange ideas, insights and experiences and serves to lift consciousness of emerging opportunities throughout the realm that is manufacturing.
Share

Scroll to Top