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SEZ board to mull proposal for free trade, warehousing zone

Wednesday, 17 Apr 2019
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A proposal for setting up a free trade and warehousing zone by NDR Infrastructure will be considered by the highest decision-making body on SEZs in Tamil Nadu. The zone will be set up in Tiruvallur district of Tamil Nadu over an area of about 100 acre.

The project will entail an investment of Rs 292 crore. According to the foreign trade policy, proposals for setting up of FTWZs are considered by the Board of Approval (BoA).

On approval, the developer will be issued a letter of permission for development, operation and maintenance of the zone. The developer is permitted to import duty-free building materials and equipment for the development and infrastructure of the zone.

Further, BoA would also consider a proposal of Yash Technologies to set up information technology (IT) or IT-enabled services zone in Madhya Pradesh. The total proposed investment in this project is Rs 199.54 crore.

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