India‘s first fully owned by women industrial park opened its doors in Hyderbad. The park, that is promoted by the FICCI Ladies Organization – FLO in collaboration with the State government, consists of 25 units which represent 16 different sectors of green category, and all of them are owned and controlled completely by women.
- The FICCI Ladies Organization industrial park is the country’s first of its sort This park was built on 50 acres of land in Sultanpur, which is near Patancheru. It was made with a Rs 250 crore investment. Female entrepreneurs are already expressing a strong desire to launch and operate their businesses at this park.
- KT Rama Rao (IT & Industries Minister) inaugurated the park, and advised entrepreneurs to aim big and start thinking about upcoming technology. He has also advised that they should concentrate on aerospace, defence, and food production and also they should form global partnerships.
- The minister promised that the FLO women’s industrial park would be expanded more by another extra 100 acres, which will be subjective to the park’s concentration on unique items. He stated that women entrepreneurs will also receive an extra 10% incentive.
- He also said that 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.
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 has 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.