Setting new benchmark among economic free zones
BBN Bureau
KOCHI: Dubai Port World (DP World), the operator of the International Container Transshipment Terminal (ICTT) in Kochi, has set up a Free Trade Warehousing Zone (FTWZ), which is the first of its kind in Kerala.
The Cochin Economic Zone, situated within the Cochin Port premises at Vallarpadam terminal, is set to bolster Cochin Port’s role as the premier gateway to the south.
This 75,000-square feet facility offers seamless integration with DP World’s strategic multi-modal logistics network, ensuring efficient connections across India and international markets.
Ranjit Ray, Senior Vice-President of Economic Zones for the Middle East, North Africa (MENA), and Subcontinent, commented on Kerala’s first Free Trade Warehousing Zone, stated that DP World Cochin Economic Zone is an innovative model within the port premises, setting a new benchmark for economic zones in India.
“Our goal in establishing these economic zones is to enhance global trade opportunities by streamlining supply chains, resulting in cost savings and seamless connectivity. Our integrated solution in Cochin offers value-added services, linking ports to the broader supply chain through multi-modal connectivity,” he added.
Moreover, he said that this facility will support export-import oriented (EXIM-oriented) businesses, and provide a gateway for global companies to enter the Indian market.
Operating under the SEZ Act, DP World’s Cochin Economic Zone offers substantial advantages for enterprises involved in import, export, and trading activities within India.
