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 development is recognised as one of many nation’s high priorities, subsequently various emerging opportunities abound for Africa to industrialize. To seize such opportunities, African governments are required to implement innovative approaches to industrial coverage, considered one of which is an elevated give attention to the function of Special Economic Zones (SEZs) and industrial parks as instruments 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 international approaches. Industrial areas can be leveraged as catalysts for socio-economic improvement. All things thought of, such areas are recognised as enablers and are therefore often managed as such, and never for rent-seeking purposes. Moreover, industrial parks and SEZs effectively lend themselves as spaces for piloting and experimentation of new technologies and completely different approaches to industrial growth, as well as for group and environmental programmes owing to the nexus between these three aspects.
Industrial parks and SEZs, in addition to related industrial areas, have the potential to develop the economic system because owing to the opportunities for employment and establishing new businesses and worth chains. This consequently develops the tax base and local economic activity which is crucial in facilitating social improvement. The myriad of interventions established through industrial areas support 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 more, such interventions provide a platform for widespread engagement of a quantity of stakeholders that helps win-win outcomes serving financial, social and environmental pursuits. Accordingly, industrial parks and SEZ’s have the propensity to offer elevated worth, assuming the mandatory planning and implementation is pursued proactively.
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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 research has subsequently recognized a quantity of success components, such as governance, enabling regulatory frameworks, location and kinds of companies supplied. Suffice it to say, it stays worthwhile to discover the training gained in executing such areas and the influence 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 important role 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 technique, which is purposefully structured to stimulate native and overseas direct investments.
Notwithstanding the catastrophic impression of the COVID-19 pandemic on global economies, the value of private investments within the South African SEZs noticed a R1.eight billion enhance from March 2019 to March 2020, whereas the number of operational investments rose from 129 to 143 in the identical time frame. It is projected that the quantity and value of operational investments will improve by virtually R10 billion when the following financial yr ends.
Industrial Parks and Special Economic Zones characterize a key function inside the conference of the upcoming and eagerly awaited Manufacturing Indaba. The digital convention and exhibition, to be hosted between 22 – 25 November 2021, is set to assemble worldwide business experts to handle technological innovations and evolving tendencies, while in search of actionable options to pressing challenges. The platform will empower thought leaders to change concepts, insights and experiences and serves to lift awareness of rising alternatives inside the realm that is manufacturing.

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