Johannesburg - The Minister of Trade and Industry Rob Davies said on Friday his department wants to accelerate economic development in the lagging regions in the country by attracting business investments to locate in these areas.
Davies made his remarks ahead of the launch of the revitalised Babelegi Industrial Park in Hammanskraal. It will be launched next week Tuesday. The R42-million project is part of the Revitalisation of Industrial Parks Programme of the Department of Trade and Industry (the dti).
Davies said the objective of the programme is to accelerate economic development in the lagging regions by attracting business investments to locate in these areas. It is also aims to create jobs in manufacturing and related sectors. "The dti has forged strategic partnerships for the implementation of the programme on a national scale working with the provinces, their agencies as well as municipalities," Davies said.
"In the case of Babelegi the department is working with the North West Development Corporation who are also the owners of the park. The City of Tshwane has also played a strategic role in ensuring the smooth implementation of the programme." Davies is expected to be joined by the Gauteng Premier, David Makhura, and Tshwane mayor, Solly Msimanga.
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The first phase of revitalisation of the Babelegi Industrial Park focused on security upgrades which included installation of invisible fencing, control room, guard houses, swing gates and pedestrian gates, new boom gate and high mast lighting upgrade and maintenance.
The Babelegi Industrial Park has approximately 261 developed units which are available for leasing, and 188 of the units are occupied by firms operating in textiles, engineering, construction, light manufacturing, warehousing and distribution houses.
AFRICAN NEWS AGENCY