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TTL forays into UAE and Poland
Sharjah (U.A.E) - Elan Incorporated FZE
TTL is setting up a production facility in Sharjah - U.A.E at Sharjah Airport Free Trade Zone through its 100% subsidiary Elan Incorporated FZE for production of Packaging products and Life Style products (Garden Furniture). Sharjah in United Arab Emirates has access to neighbouring countries viz. Saudi Arabia and Oman. It also has sea, land and air links and access to consumers in GCEE, CIS, African and Asia Countries. The unit is located in SAIF Zone and enjoys certain tax benefits viz (i) 100% exemption from Corporate Tax, (ii) 100% exemption from personal Income Tax, (iii) 100% repatriation of Capital and Profits, (iv) 100% exemption of import goods.
Novo Tech Sp Z o.o - Poland
Novo Tech Sp Z O.O., a 100 % subsidiary of TTL is setting up a production facility in Poland for manufacturing Auto Components (Anti Spray device) and Life Style Products (Mattings and Turfs) at Kostryzn Slubice Special Economic Zone. The facility is located close to Polish-German border (80kms. from Berlin). Kostryzn in Poland has access to the markets in Germany, U.K. France, Czech Republic. It offers Corporate Tax exemption for 100% profits upto 65% of Investment value, double taxation treaty with India and full support by way of developed infrastructure and support services.
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