FTWZ - The Hurdle Breaker for India’s Economic Growth
Introduction: A Free Trade Zone (FTZ) or Export Processing Zone (EPZ), also called Foreign-Trade Zone, formerly free port, is an area within a country in which goods may be landed, handled, manufactured or re-assemble and re-exported without the intervention of the customs authorities. In logistics company , Only when the goods are moved to consumers within the country in which the zone is located, they become subject to the prevailing customs duties. FTWZs are mega trading hubs that comprise of excellent, state-of-the-art storage and warehousing infrastructure, air Freight Services (CFS), rail connectivity, offices, banks, insurance corporations, and residential complexes for the workforce that is employed therein. Free Trade Warehousing Zone (FTWZ), a special category of Special Economic Zones (SEZs), offer services such as, Speedy delivery of cargo, One-stop for customs clearance Integrated solutions, such as packing management, sorting, inspection, re-invoicing, strap...