VSF Projects FTWZ Unit Approved for Siddhartha Logistics

VSF Projects Ltd announced that the Office of the Development Commissioner, Visakhapatnam Special Economic Zone, has issued a Letter of Approval to Siddhartha Logistics FTWZ Private Limited. This approval allows Siddhartha Logistics to set up a unit within VSF Projects' Free Trade and Warehousing Zone (FTWZ). The authorized operations include bonded warehouse activity, sea freight, custom house agent services, warehousing, logistics, transportation, and business support services. VSF Projects will lease space and earn revenues based on ICD container usage. This development provides VSF Projects with a first-mover advantage in handling aerospace and defense-related products within its FTWZ.