FTWZ
FTWZs or Free Trade Warehousing Zones are specific regions serving as ports, foreign territories, and warehouses to fulfill several value-added services sanctioned by Indian Customs Law. The FTWZs fall under the special economic zones category in India.
As per the government regulation in India, it states that all international companies can set up units in FTWZ offering 100 percent investment via foreign direct investment. FTWZ is a major economic policy introduced by the Indian government that provides convenient logistics platforms facilitating the import-export trade of goods and services. International trading has spread far and wide in the country. And likewise, there are numerous FTWZs in India.
FTWZ Locations In The Country
Presently, there are a large number of approved FTWZs in India at various locations including FTWZ in Panvel, District Raigad in Maharashtra, FTWZ Nagpur District in Maharashtra, FTWZ Sriperumbudur, District Kancheepuram in Tamil Nadu, FTWZ Ponneri, District Thiruvallur in Tamil Nadu, and Maujpur in Bulandshahr, Uttar Pradesh to name a few.
Adding to the ranks is the FTWZ value-added services in Delhi, which enables multinational companies in India and abroad to import and export goods in a stress-free way. There is no pressure of paying duty fees or taxes. They are basically free zones that are strategically located to simplify trading processes by offering various tax incentives, minimum working capital costs, flexible work environments, and swiftly monitored clearances of stored goods.
FTWZ is an exclusive and customized trade facility used to boost foreign trade and investment opportunities in India. FTWZ provides a fast-working and simple-to-use setup that promotes better trade transactions and the import and export of goods/services in exchangeable currency.
With the availability of FTWZ value-added services in the Delhi NCR area, duly approved by the government, it can accelerate the growth of foreign trade in the country. Armed with a streamlined logistics platform and superior infrastructure, FTWZ can play a crucial part in escalating the economic development of India. FTWZ Delhi is already popular as a global trading hub that attracts both national and international import/export businesses to the capital city.
What is the Minimum Land Requirement Specified to Build an FTWZ?
Considering FTWZ Delhi, OSV presents a well-planned and organized Free Trade Warehousing Zone in the city. It encourages businesses to do import and export operations freely without any hurdles. Thus, Delhi has managed to secure an effective solution for all its international logistics business requirements.
A land area comprising 50 hectares of space is mandatory to set up an FTWZ. Out of that, half the space is reserved for the selected processing area. Some states with hilly terrains, union territories, and Goa State are exempted from this rule.
Some specific rules and criteria must be followed by businesses to conduct operations within FTWZ. From performing export-import activities to adhering to customs regulations, and following the government guidelines, it can mean a lot.
The Advantages of Doing Business Within an FTWZ Facility
FTWZ units are sanctioned by the government to manage inventory for foreign suppliers as well as domestic buyers. If you want to export chemicals to India, then OSV FTWZ can be your ultimate destination to offer perfect logistic support and 100% duty-free warehousing for businesses exporting goods/services to India. With years of on-site experience in the trade industry, you can expect world-class customer service.
The FTWZ value-added services in Delhi are tailored to accommodate scores of customers within its walls. With classy infrastructure and a modern warehouse management system, storing your goods and chemicals can feel like an effortless task. With impressive features, FTWZ Delhi has a list of loyal customers who wish to refill their stock without incurring any import duties.
More About FTWZ Units in Delhi
Delhi is well-known around the world as the capital city of the Indian subcontinent. It is also one of the primary trading hubs in India with its expansive FTWZ facility situated in the industrial belt of Tughlakabad. FTWZ Delhi is spread over a wide area comprising 50-acre land with the finest hi-tech facilities designed to be used for warehousing and logistics.
The Plus Points of Doing Business at the FTWZ in Delhi City:
- The FTWZ in Delhi allows companies to store their export goods fully duty-free for five years
- Up to five years, these companies can avoid customs duties till the time the goods are used or sold.
- This helps companies save on costs and minimize expenses
- The free trade zones provide smooth and seamless connectivity to airports, ports, and highways
- The seamless connection helps in the easy transportation of goods to and from the free zone area
- FTWZ value-added services in Delhi will include labeling and packaging of goods, monitoring, and quality control
- Such dedicated services make it easy for businesses to streamline their trade operations and get noticed in the competitive global market
What Are Multiple Ownership Transfers?
According to the rules, FTWZ can allow multiple ownership transfers within the zone. It means businesses dealing with FTWZ Delhi can do ownership transfers within Delhi without trying to operate outside the Delhi zone. This is necessary to keep the trading chain connected to prevent the addition of indirect taxes and other compliance issues. Within the zone, multiple ownership transfers can also help avoid unnecessary transaction expenses.
Business owners can import goods into an FTWZ facility without incurring any duty fee. They can use FTWZ to store goods and also re-export them minus any duty charges. They are free to search the Indian market and procure goods which are exempted from any excise fee.
The FTWZ value-added services in Delhi can offer quality services including a 3-year tenure period of duty-free storage. Inventory stored or exported to FTWZ Delhi falls under the tax-free bracket. Furthermore, you can export chemicals to Bharat with duty-free international movement. Customers do not have to pay any local tax and can enjoy faster customs clearance of their goods from the port. Only the storage charges are to be paid in foreign exchange value.
OSV FTZ Services
OSV FTWZ, a leading FTZ company in India offers FTWZ value-added services in Delhi and many other parts of the country. Here, businesses can find customized solutions for all their logistics challenges. Team OSV raises its bar, time and again, by providing 24/7 end-to-end logistics services for exporters and importers on a global scale.