The Department of Trade and Industry has allocated R216 million for the renovation of five industrial parks.As part of the Department of Trade and Industry’s (dti’s) Revitalisation of the Industrial Parks Programme, R216 million has been set aside for the renovation of five industrial parks in Limpopo, Gauteng, North West and the Free State.
The Nkowankowa, Ekandustria, Bodirelo, Phuthaditjhaba and Garankuwa Industrial Parks’ infrastructure will be upgraded with the aim to promote manufacturing, economic growth and job creation.
Following budget approvals late last year, the first phase of the revitalisation of these parks will commence with the upgrading of security infrastructure, with most of the labour and construction materials being procured from the areas around the industrial parks.
“The revitalisation process will ensure that the upgraded parks appeal to private investors, provide a conducive environment and attract investments that will create jobs and assist in promoting economic transformation,” the minister of trade and industry, Dr Rob Davies, said.
The dti is applying a holistic approach to the revitalisation initiative to ensure that enterprises based there participate meaningfully in the mainstream economy in order to achieve the National Development Plan (NDP) and Industrial Policy Action Plan (IPAP) objectives.
This includes ensuring that they are efficiently run, facilitate market access for goods manufactured there, and provide financial and non-financial support.
Full thanks and acknowledgment are given to the Government Communication and Information System (GCIS) for the information given to write this article.