First Zone in Mumbai To Go Live in April 2010.
Arshiya International Ltd, a global supply chain and logistics infrastructure solutions company, has received formal approval from the Special Economic Zone’s (SEZ) Board of Approval (BoA) to set up its 3rd Free Trade Warehousing Zone (FTWZ) at Nagpur. This mega logistics park will spread across 43.26 hectares, to be setup at Bori village in Nagpur district. Arshiya’s first FTWZ in Panvel-Mumbai is scheduled to go live in April 2010.
Commenting on this occasion, Mr. Ajay S. Mittal – Founder, Chairman & Managing Director of Arshiya International Ltd said, “With the success of Mumbai FTWZ, we are pleased to announce the formal approval received for our Nagpur zone. We will be looking at launching operations there by end of calendar year 2010”.
About Free Trade Warehousing Zone (FTWZ):
FTWZ is a state-of-the-art mega logistics park, governed by the SEZ Act and is a deemed foreign territory. The zone will provide its users regulatory premise to undertake ‘Trading, Value Addition, Consolidation & Regional Distribution Activities’. Products stored in FTWZ can avail duty deferment upto 5 years, various tax exemptions, 24x7 customs clearance, higher inventory visibility, hassle free re-exports, international standard warehousing facility equipped with temperature control, dust free environment, including chillers and freezers.
About Arshiya International Ltd:
Arshiya International Ltd (AIL) a flagship company of the Arshiya Group is a listed entity on the Bombay Stock Exchange (506074) and National Stock Exchange of India (Arshiya) and is an India headquartered, integrated supply chain and logistics infrastructure solutions provider. The company has multinational operations in the logistics and supply chain management space and is currently involved in the phased investment of approximately US$1.2 billion towards creating pioneering logistics infrastructure in India.
The Company has the following key business entities and subsidiaries:
- Arshiya Logistics – Provides logistics solutions including end-to-end freight management & transportation services in over 150+ countries world-wide.
- Arshiya Supply Chain Management – Provides end-to-end supply & demand chain solutions.
- Arshiya Technology – Provides software solutions for supply chain management and business process outsourcing.
- Arshiya FTWZ - Involved in implementation and operation of Free Trade Warehousing Zones (FTWZs).
- Arshiya Rail Infrastructure Limited – Designed to provide pan-India rail freight operations and providing rail terminal facilities.
- Arshiya Distripark Limited – Providing strategic hub warehousing for domestic rail consolidation.