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FLO INDUSTRIAL PARK IN HYDERABAD - FIRST 100 PER CENT WOMEN-OWNED

Context

FICCI Ladies Organization (FLO), in cooperation with the Telangana government, launched India's first 100 per cent women-owned FLO industrial park in Hyderabad on 09-03-2022, with 25 women-owned and operated firms representing 16 different Green Category Industries starting operations.

Key Points

  • In Hyderabad, the 'FLO Industrial Park' began operations with 25 green projects. The FICCI Ladies Organization (FLO) promotes it in collaboration with the Telangana government. At the Park, 25 women-owned and run units representing 16 different Green Category Industries have begun operations.
  • The FLO Industrial Park in Hyderabad, which covers 50 acres, was built with a budget of Rs 250 crore. 
  • It is the national flagship project, with participation open to Chapter Members and FLO national members.

Objective

  • To propagate and encourage sustainable development and growth.

Other features:

  • It is a multi-industry park open to all of our members across India.
  • Minister KT Rama Rao urged entrepreneurs to think large and consider future technologies, focusing on aerospace, defence, and food processing and forging global partnerships. He offered an additional 100 acres for the FLO women's industrial park's growing. Offer an additional 10% subsidy for women entrepreneurs.
  • Jyotsana Angara, National Governing body member, FLO, said, "We launched the first FLO Industrial Park which is 100% women-owned & driven, spread in about 50 acres of land with 25 green projects. This manufacturing unit is a pretty innovative product base. He has requested to bring in a higher investment than what we have done here. In this Park, we have brought in 250 crore of investment."
  • "This is to encourage inter-chapter business interaction and bring in substantial revenues and investments from outside the state" said Kavita Dutt, National Head of Initiative.

About FICCI

  • The Federation of Indian Chambers of Commerce and Industry (FICCI) is an India-based non-profit trade association and lobbying group. 
  • Under the guidance of Mahatma Gandhi, Indian businessman G.D. Birla and Purshottamdas Thakurdas founded the organisation in 1927. 
  • It is India's largest, oldest, and most influential business organisation.
  • It is a non-profit, non-governmental organisation. 
  • The FICCI Ladies Organization was founded in 1983 to encourage women in India to pursue entrepreneurship and professional achievement.

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