Sri City recognised as ‘Best Global Free Zone of the Year’ by fDi Intelligence publication

Sri City, October 16, 2023: Sri City has earned the distinction of being designated as a top-performing Global Free Zone of the Year (GFZ) in the Asia-Pacific region, in the 10th edition of GFZ-2023 by fDi Intelligence. fDi Intelligence, a widely read publication within the global free trade and foreign direct investor communities, identifies the most promising free zones that provide excellent investment opportunities and potential for business growth and economic advancement worldwide. For the year 2023, it recognised the best free zones across the world and specialisations among the 4921 active free trade zones spread across 90 countries. Such accolades are highly esteemed in the realm of economic development and investment promotion.

Feeling proud at the triumph in winning the fDi’s recognition, Mr. Ravindra Sannareddy, Founder Managing Director, Sri City said,”This accomplishment emphasises the significance of meticulously designed and strategically positioned industrial areas in the international economic arena. Sri City’s success story sets a benchmark for other developing regions, demonstrating the influential impact of efficient regulations, infrastructure development, and eco-friendly approaches in enticing investments and propelling economic advancement.”

Emphasising the favourable geographical position of Sri City, fDi Intelligence points out that the effectiveness of its business approach is evident from the growth of manufacturing industries in different sectors during the past one year. Sri City attracts businesses by offering ‘ready-to-use’ factories equipped with essential amenities like power, water, and sewage connections, which simplifies the process of setting up operations in the region. Additional advantages comprise incentive programmes linked to production, developments in infrastructure, and the presence of an in-house customs clearance single window that operates nonstop.