India is a burgeoning economy and is emerging as one of the world´s leading markets. It expects to sustain strong growth over the coming years and strives to become one of the top three economies in the world by the middle of the century.
Tag: FTZ
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Stable political environment plays a vital role
GHIAL established the FTZ at Rajiv Gandhi International Airport (RGIA) with a vision to set up an Aerotropolis in Hyderabad. SGK Kishore, Chief Executive Officer, GHIAL, shares his views with Janaki Krishnamoorthi.
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Engines of growth
The success of an FTZ depends on various factors like attracting investments, level of exports and foreign exchange, linkages with the domestic economy, apart from political stability, strategic location, quality infrastructure and marketing advantages. Janaki Krishnamoorthi explores the success factors of FTZs in the UAE and what should India do catch up momentum.
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Some of the rules and guidelines have to be reframed
I cannot say much on this as of now, as certain issues have yet to be streamlined. Today, FTZs/FTWZs are functioning under the SEZ Act and rules. However, we realise that the activities of FTWZs are of different nature and their requirements are also different. Hence, some of the rules and guidelines have to be reframed. The process is on.
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The best laid plans
Kandla Special Economic Zone (KASEZ) has come a long way since its inception. Still, although KASEZ has been the pioneer among SEZs, challenges are plenty in growth and development. Janaki Krishnamoorthi traces the journey of the oldest FTZ in India.