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Question
Which was the first Export Processing Zone to be declared as Free Trade Zone in India?
Which was the first Export Processing Zone to be declared as Free Trade Zone in India?
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Solution
The correct option is A Kandla
Export Processing Zones are industrial estates, which form enclaves from the domestic tariff areas (DTA). These are usually situated near airports or seaports. They are intended to provide an internationally competitive duty-free environment for export production at low cost. This enables the products of EPZs to be competitive, both quality-wise and price-wise in the international markets.
Export Processing Zones are industrial estates, which form enclaves from the domestic tariff areas (DTA). These are usually situated near airports or seaports. They are intended to provide an internationally competitive duty-free environment for export production at low cost. This enables the products of EPZs to be competitive, both quality-wise and price-wise in the international markets.
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