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Govt moots free trade warehouses; cabinet to take up SEZ bill
In a bid to promote India as an important trading hub, the government will
soon put in place free trade warehouses to facilitate international traders
in export activities. The proposal is part of the revised SEZ bill which is
likely to be taken up by the Union cabinet in August. The warehouses will facilitate
trade, wherein companies can maintain huge stocks and indulge in trading activity.
However, these would not be allowed to carry on trading at retail level. The
free trade warehouses will have to come up separately as greenfield SEZs since
they are envisaged to be set up on huge areas from where transshipment would
be allowed.
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