Hina Textile Mills gets approval to set up unit in VSF Projects FTWZ
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VSF Projects informed that the Visakhapatnam SEZ Development Commissioner has granted a Letter of Approval to Hina Textile Mills to set up a unit in the company Free Trade and Warehousing Zone. The approval, dated 5 Oct 2026, allows bonded warehousing, storage, and packing of items like cashew, coconut, fabrics, and sprayers. VSF will lease warehouse space to Hina and earn revenue from ICD container usage. The approval is valid till 4 Oct 2027 initially, extendable to 5 years from start of operations.
Adds a new tenant to the FTWZ, bringing rental income and container-based revenue, though no financial quantum has been disclosed.