India is a rapidly growing economy offering huge opportunity for developing foreign trade in India.
India is poised to become a completely VAT/ GST based economy in near future. Until it actually realizes its ambitions, most of the Indirect Taxes on goods & services shall continue to get collected at source. Therefore, in various trading transactions often, there is an element of tax cascade and relevant increase in transaction costs.
The cascading effect of taxes & compliances are minimized when businesses are transacted through the FTWZ.
We see this as huge freedom for the trade to do business in India.
* India got independence from the British Rule in 1947.
* The Right to Information Act (RTI) got us right to get information in 2005.
* The SEZ law brings freedom to do business in India from 2006-2007.
FTWZ is a boon for International Trading. Let’s make the most of it !!!
Food for Thought – How about a world class Exhibition cum Convention Centre inside FTWZ ?