Moreover, hiring a reliable Free Trade Zone in India is a great deal. OSV FTZ is a reliable and professional company that has been operating in this industry for over many years and has a huge clientele across the globe. OnnSynex Ventures Pvt. Category: Warehousing. No Comments. What is Free Trade Zone? Key features free Trade Warehousing Zone- A Free Trade Zone facilitates storage facility of various products including -pharmaceuticals, medical devices, cosmetics, modern technology equipments, transportation and handling amenities, and many more.
Some of them are mentioned below- Duty freedom — You can avoid the lengthy Customs duty drawback procedure. World-class infrastructure — Free Trade Zone offers a world-class international infrastructure that contains the latest WMS and other value optimization services for domestics and foreign MNCs.
Superior and timely services — A professional and experienced FTZ in India ensures secured storage, 24 X 7 customs clearance, and supplies all across India and apart. PM Gati Shakti October 14, Please login to join discussion. Our Offline Classroom Student. Browse by Category. Browse by Tags. Browse by Tag. The most important UPSC news and events of the day.
Get Journals daily newsletter on your inbox. Login Sign Up. Welcome Back! Login to your account below. It is learnt that the project, which was proposed during the Global Investors Meet, has been given conditional approval for reclassification of land use zone by CMDA. CHENNAI: The Integrated Chennai Business Park India Pvt, the free trade warehousing zone FTWZ project, which is coming up in acres of land in Vallur and Edayanchavadi in Ponneri taluk of Thiruvallur district, is taking shape, as a recent authority meeting of Chennai Metropolitan Development Authority has given the green light to reclassify the partly primary residential use zone and partly non-urban use zone -- to commercial use zone.
FTWZ will create trade-related infrastructure to facilitate the import and export of goods and services with the freedom to carry out trade transactions in free currency. According to information available with Express, CMDA has urged that the business park should ensure necessary changes in ownership with regard to the Vallur village land survey numbers in favour of the applicant while applying for planning permission.
CMDA has also specified that the project would qualify for planning permission only if it gets environmental clearance. This comes after Revenue and Disaster Management department in February , ordered to transfer the government poromboke land in Vallur, in favour of the project proponent by way of exchange. Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments.
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