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, due to this fact various emerging opportunities abound for Africa to industrialize. To seize such opportunities, African governments are required to implement revolutionary approaches to industrial policy, considered one of which is an elevated concentrate on the role of Special Economic Zones (SEZs) and industrial parks as devices of industrial development.
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 could be leveraged as catalysts for socio-economic improvement. All issues thought of, such areas are recognised as enablers and are due to this fact often managed as such, and not for rent-seeking functions. Moreover, industrial parks and SEZs successfully lend themselves as areas for piloting and experimentation of new applied sciences and totally different approaches to industrial development, in addition to for group and environmental programmes owing to the nexus between these three aspects.
Industrial parks and SEZs, as properly as related industrial spaces, have the potential to develop the financial system because owing to the opportunities for employment and establishing new companies and value chains. This consequently develops the tax base and native economic exercise which is crucial in facilitating social development. The myriad of interventions established via industrial areas help industrial and economic improvement, the transition to smart cities and transformation to a green economy as properly as facilitate adoption of 4th Industrial Revolution options. What’s more, such interventions present a platform for widespread engagement of a quantity of stakeholders that supports win-win outcomes serving financial, social and environmental pursuits. Accordingly, industrial parks and SEZ’s have the propensity to supply increased worth, assuming the required 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, however, debate as to the success of these zones and research has subsequently recognized a quantity of success elements, such as governance, enabling regulatory frameworks, location and forms of services supplied. Suffice it to say, it stays worthwhile to discover the learning gained in executing such areas and the impression on supporting financial activities in a sustainable method 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 critical role in 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 local and foreign direct investments.
Notwithstanding the catastrophic impact of the COVID-19 pandemic on global economies, the value of personal investments within the South African SEZs noticed a R1.eight billion increase from March 2019 to March 2020, while 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 next financial year ends.
Industrial Parks and Special Economic Zones represent a key characteristic throughout the conference of the upcoming and eagerly awaited Manufacturing Indaba. pressure gauge ไฮ ด รอ ลิ ค 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, while looking for actionable solutions to urgent challenges. The platform will empower thought leaders to change concepts, insights and experiences and serves to lift consciousness of rising alternatives inside the realm that is manufacturing.
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