Free Trade Zones is the key to making India a manufacturing and logistics hub.
MUMBAI: Indo-American Chamber of Commerce (IACC) organized a webinar to emphasize the role of logistics in growing India as an international manufacturing hub. Marrying logistics with technology to achieve business goals will attract business investments in India.
Mr. Amit Gupta, CEO Arshiya Limited spoke about the value proposition of a free trade warehousing that will offer stock and sell benefits to foreign and NRI business without an Indian business registration. The FTWZ allows the business to manufacture, process, and assemble in India and use localized domestic Indian components along with foreign stock to build products for the Indian market. The FTWZ also has a provision to re-export stocks and products manufactured by foreign business entities.
Mr. Gupta further added that the FTWZ will allow finished good manufactured or made in India to be stocked. The FTWZ offers storage, handling, contract manufacturing, and similar opportunities. All this can be done without any registration, compliance obligation, or taxation for overseas entities.
Arshiya Limited facilitates foreign entities to get started to use FTWZ in India and use a supply chain that can include zero downtime and no network disruption working models, this is because their warehousing infra matches global industry standards.
“Mr. Ajay Mittal, Chairman and MD Arshiya Limited spoke about the Arshiya advantage and said, “Our experience in this line of business is over a decade and 100 foreign clients. We have the ability and expertise to understand the business process of our clients and suggest restructuring to bring in more profits and growth and get an improvement in your market share.”
As the webinar progressed to the Q&A round, Mr. Saurabh Shah (2nd VP, IACC-West India Council) suggested to set up an MSME cluster in the FTWZ. As IACC looks at assisting MSME to grow beyond boundaries, such provisions if available, will help MSME to integrate world-class technologies and process with access to global markets while boosting the Indian economy.
The participants and panelists had a meaningful conversation about customs, business registration and processes, FTWZ, taxations, opportunities, technology, and best practice inclusions.
The webinar concluded with a vote of thanks by Mr. Saurabh Shah, 2nd VP, IACC-West India Council.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
2014 The Global Indian New Network (TGINN)