HYDERABAD: India’s first fully women-owned industrial park of the FICCI Ladies Organisation (FLO) commenced operations in Hyderabad on the occasion of the International Women’s Day on Tuesday.
The park has been set by the FLO in partnership with the Telangana government. On Tuesday, 25 units fully owned by women, representing 16 diverse green category industries started operations, the group said.
The 50 acres FLO Industrial Park, established with an investment of Rs 250 crores, was formally inaugurated by State Information Technology and Urban Development Minister KT Rama Rao in the presence of FLO national president Ujjwala Singhania and other office bearers.
“The park has already garnered tremendous interest from women entrepreneurs to run and operate their business from this park,” the FLO said in a release.
Addressing an event at the inauguration, minister Rao urged the entrepreneurs to think big and start to think about emerging technologies, focus on aerospace, defence, and food processing industries. He also urged women entrepreneurs to forge a global partnership.
He promised another 100 acres for the expansion of FLO women industrial park, subject to the park’s focus on novel products and offered an additional 10 percent subsidy for women entrepreneurs, the FLO said.
FLO national president Ujjwala Singhania, in her address, said that the objective of the FLO Industrial Park was to propagate and encourage sustainable development and growth.
“The commencing of FLO Industrial Park in Hyderabad today is a significant milestone, and will pave the way to create more integrated business townships linked to the Industrial parks and establish such projects at various chapters,” she said.
Uma Chigurupati, Chairperson, FICCI FLO Hyderabad Chapter, stated: “The dream-to-reality of this project is the result of the support from the Government of Telangana. We are happy to announce today the commencement of 25 green projects totally owned by women, with many more in the pipeline, we expect this industrial park to generate more than 1600 jobs in the next 2years of operation.”