FTWZ
FTWZ (Free Trade and Warehousing Zones) is a policy of the Government of India (GoI). It was announced in the Foreign Trade Policy 2004-09 to set up Free Trade and Warehousing Zones (FTWZ) to create trade related infrastructure to facilitate the import and export of goods and services with freedom to carry out trade transactions in free currency.
On June 23, 2005, the Parliament of India passed the Special Economic Zones Act 2005 and on February 10, 2006 Government of India notified Special Economic Zone Rules 2006. The Free Trade and Warehousing Zones (FTWZ) is a special category of Special Economic Zone and is governed by the provisions of the SEZ Act and the Rules.[1][2]
FTWZ is designated as a deemed foreign territory and are envisaged to be integrated zones and to be used as International Trading Hubs. FTWZs will be fully independent mega-trading hubs integrated with state-of-the-art warehouse and special storage infrastructure, Container Freight Stations, Environment friendly equipment, Rail sidings for hinterland connectivity, Commercial complexes for offices, Independent utility stations, banks and insurance corporations added to recreational and eventual residential complex for the FTWZ workforce.[3]
List of Free Trade Zones
- Arshiya International Ltd, India's first fully functional and operational FTWZ.
- Inspira Pharma and Renewable Energy Park, Aurangabad, Maharashtra, India
- Sricity Multi product SEZ, part of Sricity which is a developing satellite city in the epicentre of Andhra Pradesh & Tamil Nadu, India
- Kandla Trade Free Zone, India
- Free Trade Warehousing Private Limited (FTWPL)
- Balaji Infra Projects Limited (BIPL)
- FAB City SPV, India
- LMJ Warehousing, Gujarat
- Jafza Chennai Business parks, Gujarat
- Shipco Infrastructure, Karnataka
- Chiplun Infrastructure Private Limited
- DLF Universal
- J.Matadee Eco Parks Private Limited (DHL,INDEV LOGISTICS PVT. LTD,SEAWAYS SHIPPING and LOGISTICS LIMITED.
- Jhunjhunwala Vanaspati