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NDR Infra Receives Approval From the Government of India to Set up Free Trade Warehousing Zone

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Press Trust of India CHENNAI
Last Updated : May 14 2020 | 4:31 PM IST

/ -- NDR Infra, an emerging company that provides tailored warehousing solutions, is pleased to announce that the company has received approval from the Government of India to start a new Free Trade Zone near Chennai which is going to boost agro exports and benefit farmers.

One of the primary objectives of NDR Infra is to build an integrated logistics solution across India that will reduce the logistics costs and help farmers double their income. These integrated logistics hubs would provide a platform for exporters, farmers, small entrepreneurs to come under one roof to sell their products.

Farmers get direct access to foreign buyers. Orientation will be organized for farmers based on export requirement by foreign buyers. Payment to farmers are made upon delivery and testing locally. Major foreign importers of Indian agricultural produce will have a presence in NDR's Free Trade Warehousing Zone. This will boost the farmers confidence, improve the quality and productivity and lead towards achieving the goal of doubling farmers income. For the first time in India, there will be a Free Trade Zone that is going to be farmer friendly.

Commenting on the occasion Mr. Naidu Adikesavulu Reddy, Chairman, NDR Group, said, "India can offer the most competitive pricing for agri products in the International market. As of 2019, our share of agro exports are just 2.5 % in the world. 70% of rural household depends on Agriculture for employment. Even with vast availability of land and water, Agriculture contributes less than 15% to India's GDP. NDR Infra plans to tap into this huge potential that is not only going to boost our economy but also provide financial well being to the lives of over 70% of India's rural households."
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First Published: May 14 2020 | 4:30 PM IST

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