Our businesses share a belief in an outside-in approach. It was outside-in approach that helped us realize that port infrastructure, logistics backbone, world class technology and energy management is essential for the promotion of global trade. This realization, supported by Government of Tamil Nadu and the Central Government of India initiative to open port development to the private sector, led to setting up of the FTWZ in Chennai.
Our Industrial & Distribution Hubs are world class domestic warehousing facilities for consolidation, deconsolidation and accelerated movement of goods through multi mode transport i.e. road, rail, coastal shipping and air.
BENEFITS:
- Units can procure goods free of excise duties from the Indian market. This facility is available for the goods the unit trades in, as well as for goods required for the development, operation and maintenance of the SEZ unit.
- Units enjoy 100% Income Tax exemption on export income under Section 10AA of the Income Tax Act, 1961 for the first 5 years of operation, 50% for the next 5 years and 50% of the ploughed back export profit for next 5 years.
- Units can also have external commercial borrowing upto US $ 500 million in a year without any maturity restriction, through recognized banking channels.
- Exemption from custom and stamp duty on products imported into FTWZ; meant for hassle free re-export out of India
- Once the products from India, enter the FTWZ are treated as deemed export which will provide immediate benefits to exporters or suppliers.
- Tax Exemption (e.g. CST, Sales Tax, Excise & VAT) on all activities conducted inside the FTWZ or imports through FTWZ.
- Service Tax exemption on services availed; including transportation inside India, rental and labour etc.
- Export quotas able to be met for companies exporting into FTWZ.
- Foreign exchange transactions capability.
- Benefits for Re-Exports.
- Benefit of leverage India’s cost, skill & geographic positioning advantage.
- Deferred Duty Payments (freeing up working capital).
- FTWZ units also have single window clearance for Central and State level approvals.
- The shared warehousing and equipment in the FTWZ reduces expenses.
- The availability of onsite Customs means reduced time for Customs clearances.
- The improved logistics and connectivity lead to reduced delivery times.
- Flexibility towards end distribution in India.
- Quality control capability prior to duty-payment.
- Foreign exchange transaction capability.