Question

What is free trade zone?Why has government declared a free trade zone around kandla and haldia?

Answer 1

The languishing Kandla free trade zone has been literally salvaged from the brink of collapse, thanks largely to the reopening of the Suez Canal and some resuscitative official measures. That the zone is still alive, though perhaps not kicking, is evident from the hitherto unreported interest shown by two multi-nationals in setting up plants in Kandla with Indian collaboration. If this materializes, Kandla will have broken fresh ground because until now it has failed to attract foreign capital.