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 improvement is recognised as one of many nation’s high priorities, due to this fact various rising alternatives abound for Africa to industrialize. To seize such opportunities, African governments are required to implement innovative approaches to industrial policy, considered one of which is an increased concentrate on the role of Special Economic Zones (SEZs) and industrial parks as devices of industrial improvement.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African government and are subsequently aligned with global approaches. Industrial areas could be leveraged as catalysts for socio-economic improvement. All issues thought-about, such spaces are recognised as enablers and are subsequently typically managed as such, and not for rent-seeking purposes. Moreover, industrial parks and SEZs successfully lend themselves as spaces for piloting and experimentation of recent technologies and totally different approaches to industrial development, in addition to for group and environmental programmes owing to the nexus between these three elements.
Industrial parks and SEZs, in addition to associated industrial spaces, have the potential to grow the financial system as a result of owing to the opportunities for employment and establishing new businesses and value chains. This consequently develops the tax base and native financial exercise which is critical in facilitating social growth. The myriad of interventions established via industrial areas assist industrial and economic development, the transition to sensible cities and transformation to a green financial system as nicely as facilitate adoption of 4th Industrial Revolution options. What’s more, pressure gauge trerice ราคา present a platform for widespread engagement of multiple stakeholders that helps win-win outcomes serving economic, social and environmental pursuits. 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 vitality 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, nonetheless, debate as to the success of these zones and analysis has subsequently identified multiple success elements, corresponding to governance, enabling regulatory frameworks, location and forms of companies provided. Suffice it to say, it remains worthwhile to explore the learning gained in executing such areas and the impact on supporting economic actions in a sustainable method that assist optimistic 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 financial reconstruction and recovery plan. This in the end stems from the SEZ Programme representing the core of the reimagined industrial strategy, which is purposefully structured to stimulate native and international direct investments.
Notwithstanding the catastrophic impact of the COVID-19 pandemic on world economies, the worth of private investments in the South African SEZs noticed a R1.8 billion enhance from March 2019 to March 2020, while the variety of operational investments rose from 129 to 143 in the same time-frame. It is projected that the quantity and value of operational investments will enhance by virtually R10 billion when the subsequent financial 12 months ends.
Industrial Parks and Special Economic Zones represent a key feature within the conference 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 consultants to address technological innovations and evolving trends, while in search of actionable solutions to pressing challenges. The platform will empower thought leaders to trade concepts, insights and experiences and serves to boost consciousness of rising alternatives within the realm that is manufacturing.
Share