GHIAL signs second client for Free Trade Zone

Top Stories

»	28 Indian startups raised over $800 mn in funding this week
»	GST Council waives interest, penalty on notices to taxpayers under Section 73
»	India's innovation ecosystem poised for exponential growth: Industry
»	India's innovation ecosystem poised for exponential growth: Industry
»	Overseas Indians faith grows in Indian economy with $1 billion deposits in April

SME Times News Bureau | 09 Oct, 2013
Hyderabad International Airport Limited (GHIAL) has signed its second client for the airport-based Free Trade Zone (FTZ) at Rajiv Gandhi International Airport here.

SAS Applied Research & Lab Materials Pvt. Ltd, a leading supplier of rare and high end research chemicals along with equipment and consumables to several Indian and multinational companies, will set up operations at the FTZ, said a statement from GHIAL.

The FTZ, which had earlier signed its maiden client, Turbo Jet Engines, offers advantages like reducing the turnaround time and transportation costs. It has facilities ranging from servicing, distribution, trading and warehousing.

With airside access and presence amid an airport ecosystem, the FTZ is expected to earn economic and operational benefits to SAS.

"GHIAL consistently strives to evolve new strategies and establish top class facilities to provide seamless facilitation of goods and services, in line with its stated vision of creating RGIA as the logistics hub of India and South Asia," the statement said.