FTWZFree Trade Warehousing Zones (India)
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Source: Based on data of formally approved SEZs Ministry of Commerce, October 2008 Figure 3: Sector-wise Division of SEZs it 56% pharma 9% textiles 3% engineering 16% multiproduct 6% FTWZ and ports 5% services 2% other 3% Note: Table made from pie chart.
Amit Dawar, Director - Customs Brokerage & Compliance, DHL Lemuir Logistics, said, "This is the first time that businesses in India will have access to a FTWZ facility and gain significant benefits from the simplified trade processes.
Some of the services that he started, including the FTWZ, were born out of his interactions with customers.
Once the FTWZ begins operations next year, imports will double to $6 billion (Rs 28,800 crore) a year with all the value addition being done in India at Arshiya's FTWZ.