To develop a first-of-its-kind, airport based Free Trade Zone (FTZ), on approx. 1.6 acres of land parcel within the Special Economy Zone (SEZ) land of GMR Aerospace & Industrial Park, GMR Hyderabad International Airport (GHIAL) has signed an Agreement to lease with SpiceJet. The agreement says that GHASL will be constructing a facility for SpiceJet to carry out the warehousing, distribution and trading activity within the Free Trade Warehousing Zone (FTWZ) of multi-product SEZ, popularly known as GMR Aerospace & Industrial Park. This facility will be 33,000 sq ft initially, with a potential to expand to 100,000 sq ft, based on demand.
Commenting on this development, Aman Kapoor, CEO, GMR Airport Land Development, says, “Most of the tenants including those in Pharma, Aerospace & Defence, Electronics, Automotive & FMCG will benefit from the availability of high quality warehousing catering to the Export and Import of goods from RGIA.”