Cisco Systems Inc has tied up with logistics company, Arshiya International, to use the latter's free trade and warehousing zone (FTWZ), located in Panvel near Mumbai, to move its network equipment and other products in and out of the country.
For short turnaround times
“The FTWZ will enable Cisco to clear their time-sensitive and critical networking equipment with short turnaround times, crucial for minimizing network downtime experienced by Cisco's customers,” Arshiya International said in a statement.
This is the first time that Cisco has designated a regional distribution centre beyond Singapore in the APAC region.
Free Trade and Warehousing Zone (FTWZ) Scheme in India was introduced under Chapter 7A of the Foreign Trade Policy 2004-09 to create trade related infrastructure to facilitate the import and export of goods and services with freedom to carry out trade transactions in free currency, aimed at making India a global trading hub.