Organized Industrial Zone
An Organized Industrial Zone (OIZ) is a designated area specifically developed for industrial activities. These zones are designed to provide businesses with the necessary infrastructure, such as roads, utilities, and communication systems, to facilitate efficient operations. OIZs often attract various industries, including manufacturing and logistics, by offering incentives like tax breaks and streamlined regulations.
OIZs aim to promote economic growth and job creation by clustering businesses in a single location. This concentration allows for better resource sharing and collaboration among companies. Countries like Turkey and India have established OIZs to enhance their industrial capabilities and boost competitiveness in the global market.