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 coverage intends to ‘build resilient infrastructure, promote sustainable industrialization and foster innovation’. Industrial development is recognised as one of the nation’s prime priorities, therefore varied emerging opportunities abound for Africa to industrialize. To seize such opportunities, African governments are required to implement progressive approaches to industrial coverage, one of which is an elevated give attention to 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 identified by the South African government and are subsequently aligned with international approaches. Industrial spaces can be leveraged as catalysts for socio-economic development. All things thought of, such areas are recognised as enablers and are subsequently often managed as such, and never for rent-seeking purposes. Moreover, industrial parks and SEZs successfully lend themselves as areas for piloting and experimentation of latest applied sciences and different approaches to industrial growth, in addition to for neighborhood and environmental programmes owing to the nexus between these three features.
ราคาเพรสเชอร์เกจ and SEZs, in addition to associated industrial spaces, have the potential to develop the economic system because owing to the alternatives for employment and establishing new businesses and value chains. This consequently develops the tax base and local economic exercise which is important in facilitating social development. The myriad of interventions established through industrial areas assist industrial and economic improvement, the transition to sensible cities and transformation to a green financial system as nicely as facilitate adoption of 4th Industrial Revolution solutions. What’s more, such interventions present a platform for widespread engagement of a quantity of stakeholders that supports win-win outcomes serving economic, social and environmental pursuits. Accordingly, industrial parks and SEZ’s have the propensity to supply elevated value, assuming the necessary 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 those zones and research has subsequently recognized multiple success elements, such as governance, enabling regulatory frameworks, location and kinds of providers provided. Suffice it to say, it remains worthwhile to explore the training gained in executing such areas and the impression on supporting financial actions in a sustainable method that support positive 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 within 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 native and foreign direct investments.
Notwithstanding the catastrophic impact of the COVID-19 pandemic on world economies, the worth of personal investments within the South African SEZs noticed a R1.8 billion enhance from March 2019 to March 2020, while the number of operational investments rose from 129 to 143 in the same time frame. It is projected that the quantity and worth of operational investments will increase by almost R10 billion when the subsequent monetary 12 months ends.
Industrial Parks and Special Economic Zones characterize a key function inside the convention of the upcoming and eagerly awaited Manufacturing Indaba. The digital conference and exhibition, to be hosted between 22 – 25 November 2021, is set to assemble international trade experts to address technological improvements and evolving tendencies, whereas 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 emerging opportunities throughout the realm that’s manufacturing.

Scroll to Top