FTWZs Transforming India's Business Canvas
The Indian logistics industry is at the cusp of a significant transformation with strong structural changes that are expected to boost the economy and the country’s standing on the global platform. Domestic and foreign investments are creating positive sentiment, and FTWZ footprint is expected to expand in Tier II & III cities in the near future.
With the government granting the logistics industry an infrastructure status, both the domestic and foreign investments in Free Trade Warehousing Zones (FTWZ)s are expected to multiply, thus, boosting trade. In the backdrop of a rapid infrastructural development alongwith significant initiatives like Make in India and Smart Cities creation, Tier II & III cities will witness a promising potential for logistics and ancillary services, including FTWZs, in all probability.