FTWZs Trans­form­ing In­dia’s Busi­ness Can­vas

NBM&CW - - LOGISTICS -

The In­dian lo­gis­tics in­dus­try is at the cusp of a sig­nif­i­cant trans­for­ma­tion with strong struc­tural changes that are ex­pected to boost the econ­omy and the coun­try’s stand­ing on the global plat­form. Do­mes­tic and for­eign in­vest­ments are cre­at­ing pos­i­tive sen­ti­ment, and FTWZ foot­print is ex­pected to ex­pand in Tier II & III cities in the near fu­ture. Mr. In­dranil Das­gupta, CEO, At­tivo Eco­nomic Zones Pvt. Ltd.

With the gov­ern­ment grant­ing the lo­gis­tics in­dus­try an in­fra­struc­ture sta­tus, both the do­mes­tic and for­eign in­vest­ments in Free Trade Ware­hous­ing Zones (FTWZ)s are ex­pected to mul­ti­ply, thus, boost­ing trade. In the back­drop of a rapid in­fras­truc­tural de­vel­op­ment along­with sig­nif­i­cant ini­tia­tives like Make in In­dia and Smart Cities cre­ation, Tier II & III cities will wit­ness a promis­ing po­ten­tial for lo­gis­tics and an­cil­lary ser­vices, in­clud­ing FTWZs, in all prob­a­bil­ity.

FTWZs are a spe­cial cat­e­gory of Spe­cial Eco­nomic Zones, of­fer­ing mul­ti­far­i­ous ser­vices in­clud­ing in­te­grated so­lu­tions, such as pack­ing man­age­ment, re-in­voic­ing, sort­ing, strap­ping and kit­ting, in­spec­tion, speedy de­liv­ery of cargo, on­estop

for cus­toms clear­ance ca­pa­bil­ity, assem­bly of com­plete and semi-knocked down kits and tax­a­tion ben­e­fits. Typ­i­cally, FTWZs pro­vide em­ploy­ment op­por­tu­ni­ties to ap­prox­i­mately 15,000 to 30,000 peo­ple. As per the ex­ist­ing poli­cies, FTWZs come with a host...

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