GMR Aerospace & Industrial Park has notified ~250 acres of its park as Aviation Specific Multiproduct Special Economic Zone (SEZ), out of which 19 acres is available for Free Trade Zone (FTZ). Export oriented businesses can take advantage of the various Special Economic Zone benefits which can strategically be used by investors to maximize economic value of their business.
GMR Aerospace & Industrial Park as the developer of the SEZ will provide utility connection and road connectivity up to the plot. The SEZ will have the convenience of onsite customs clearance ensuring significant time saving to SEZ units. SEZ will have periphery boundary with security and access control creating a secure and hassle-free business environment for units to carry out their business.
Detailed benefits of SEZ are as follows:
*Subject to approval from the respective Departments.
Further information on SEZs and its Benefits can be obtained on www.sezindia.nic.in
Benefits of Free Trade Zone (FTZ)
Units within FTZ are allowed to export, import and re-export products without the burden of taxes, duties and levies that a business would otherwise have been bound by. FTZ allows business to locate stock in close proximity to their Indian customers reducing buffer stocks and improving turnaround time. This increases forward and reverse supply-chain efficiencies.
Further, FTZ units are permitted to trade goods with or without labeling, assembly of complete knocked down and semi knocked kits, packaging or repackaging, re-sell, re-invoice or re-export of imported goods,.
In addition to the benefits of SEZ, FTZ units can avail the following benefits: