Free trade zone in india Onnsynex

A free trade zone in India is a designated geographical area where certain economic activities are exempt from customs duties, taxes, and other trade barriers. Businesses operating within the free trade zone can import, export, and store goods without going through the usual customs procedures and regulations that apply to the rest of the country. This encourages international trade, attracts foreign investments, and promotes economic growth by providing a favorable environment for businesses to operate. Free trade zones in India are established with the aim of boosting exports, attracting foreign direct investment, and facilitating technology transfer and economic development.

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