Question

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

Answer 1

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Answer 2

The government has declared a free trade zone around Haldia and Kandla because -

• The free trade zone declaration removes every type of custom duties that were previously needed to be paid for using the ports for any kind of trading purposes.

• Now,the removal of the custom duties will attract many trading investors from both the national and international markets.

• In this way,the occupancy of the ports will increase along with the increase in the employment rates in the trading sectors.

• As a result,the national economy will be benefited a lot.