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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 prime priorities, subsequently numerous rising opportunities abound for Africa to industrialize. To seize such alternatives, African governments are required to implement revolutionary approaches to industrial coverage, certainly one of which is an increased focus on the role of Special Economic Zones (SEZs) and industrial parks as devices of commercial growth.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African government and are subsequently aligned with world approaches. Industrial areas could be leveraged as catalysts for socio-economic growth. All issues thought of, such areas are recognised as enablers and are subsequently usually managed as such, and not for rent-seeking purposes. Moreover, industrial parks and SEZs successfully lend themselves as spaces for piloting and experimentation of latest applied sciences and completely different approaches to industrial growth, in addition to for neighborhood and environmental programmes owing to the nexus between these three aspects.
Industrial parks and SEZs, in addition to associated industrial spaces, have the potential to grow the financial system as a outcome of owing to the alternatives for employment and establishing new businesses and worth chains. This consequently develops the tax base and native financial activity which is important in facilitating social development. The myriad of interventions established by way of industrial areas help industrial and financial improvement, the transition to smart 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 quantity of stakeholders that supports win-win outcomes serving economic, social and environmental interests. Accordingly, industrial parks and SEZ’s have the propensity to supply elevated value, assuming the mandatory planning and implementation is pursued proactively.
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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 those zones and research has subsequently identified a number of success components, corresponding to governance, enabling regulatory frameworks, location and kinds of services offered. Suffice it to say, it remains worthwhile to explore the learning gained in executing such areas and the impression on supporting financial actions 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 crucial position in the effectuation of South Africa’s financial 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 native and overseas direct investments.
Notwithstanding the catastrophic impression of the COVID-19 pandemic on global economies, the worth of personal investments within the South African SEZs noticed a R1.eight billion improve from March 2019 to March 2020, whereas the variety of operational investments rose from 129 to 143 in the same time frame. ไดอะแฟรม ซีล is projected that the number and value of operational investments will enhance by nearly R10 billion when the subsequent monetary year ends.
Industrial Parks and Special Economic Zones characterize a key feature inside the conference of the upcoming and eagerly awaited Manufacturing Indaba. The virtual conference and exhibition, to be hosted between 22 – 25 November 2021, is set to assemble international business experts to handle technological innovations and evolving trends, whereas looking for actionable solutions to pressing challenges. The platform will empower thought leaders to trade ideas, insights and experiences and serves to raise awareness of rising alternatives throughout the realm that’s manufacturing.
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