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India's 1st women-owned industrial park opens in Hyderabad

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    12th Mar, 2022

Recently,   India’s first 100 percent women-owned industrial park opened in Hyderabad, Telangana commemorating the International Women’s Day 2022. 

Context

Recently,   India’s first 100 percent women-owned industrial park opened in Hyderabad, Telangana commemorating the International Women’s Day 2022. 

  • The park is promoted by the FICCI Ladies Organization.
  • This park was built on 50 acres of land in Sultanpur, which is near Patancheru. 

What is FLO?

  • FLO is the women’s wing of the Federation of Indian Chambers of Commerce and Industry (FICCI), which is the top body of industry and commerce in India.
  • The full form of FLO is FICCI Ladies Organization (FLO)
  • It was established in 1983. 
  • Its members include professionals, corporate executives and entrepreneurs.
  • FLO is an All India Organisation and has 18 chapters across India including – Hyderabad, Chennai, Mumbai, Bangalore, Ahmedabad, Kolkata, Lucknow, Bhubaneswar, Coimbatore, Jaipur, Indore, Kanpur, Pune, Amritsar, Ludhiana, Northeast, Uttarakhand and head office in New Delhi.
  • This FLO industrial park exemplifies the power and self-reliance of women in the business, from electronics to packaging, medical devices, wellness, engineering, and food processing. 
  • The FLO members have contributed a substantial amount of money for the construction of the park, while the government has provided the roads, electricity, water, sewerage, and sub-station.

Significance

  • The FLO Industrial park that stretches across 50 acres has been built with an investment of Rs 250 crore. 
    • It is a flagship project that is the first-of-its-kind in India. 
    • The participation is open to chapter members and national members of FLO.
  • Telangana Minister, during his inaugural address, urged entrepreneurs to think big and start thinking about emerging technologies with increased focus on defence, aerospace, food processing and forging global partnership.
  • The Minister has promised another 100 acres for the expansion of FLO women industrial park, which will be subject to the park focus on novel products. 
    • He has also offered an additional 10 percent subsidy for women entrepreneurs.
    • The state had attracted $32 billion in investments over the last seven and a half years, which has helped in generating 1.6 million jobs.

About FICCI

  • The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organisations in India. 
  • It was established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purshottamdas Thakurdas.
  • It is the largest, oldest and the apex business organization in India.
  • It is a non-government, not-for-profit organisation. 
  • FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs. 
  • The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce. 
  • It is involved in sector-specific business building, business promotion and networking. 
  • It is headquartered in the national capital New Delhi and has a presence in 12 states in India and 8 countries across the world.

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