Question

Which of the following ports has a free trade zone?
a. Kandla
b. Coachin
c. Chennai
d. Tuticorin

Answer 1

Hint:
Numerous worldwide air terminals have free ports, however they will in general be called customs territories, customs zones, or global zones.

Complete solution:
Kandla has a deregulation zone for the Special Economic Zone (KASEZ). It was before known as the Kandla Free Trade Zone and is situated at the port town Gandhidham in the province of Gujarat. One of the main highlights of this unique financial zone at Kandla is that it is carefully an association government zone in the midst of others with a greater amount of private cooperation.

Kandla Special Economic Zone, India. India was one of the first in Asia to perceive the viability of the Export Processing Zone (EPZ) model in advancing fares, with Asia's first EPZ set up in Kandla in 1965. So as to beat the inadequacies experienced by virtue of the assortment of controls and clearances; nonattendance of a-list framework, and a temperamental monetary system and so as to draw in bigger unfamiliar interests in India, the Special Economic Zones (SEZs) Policy was reported in April 2000.

SuRSEZ is the First Operating Zone in the private area in India. The history of SuRSEZ over the most recent 5 years represents itself with no issue. From a degree of about Rs.62 crores in 2000–01, sends out from SuRSEZ rose to Rs. 2400 crores in the year 2005–06.

Hence, the correct answer is option A.

Note:
A Foreign-Trade Zone (FTZ) is a zone approved as excluded from numerous customary US Customs rules and guidelines. There are numerous advantages that merchants can exploit to improve income, increase worldwide coordination effectiveness, diminish excess or pointless coordination costs, and hold adaptability.