Sign In
Learn bits
Science & Tech.
Mahesh

09/03/22 20:37 PM IST

India’s first 100% women-owned industrial park begins operations in Hyderabad

In News 

  • India’s first 100 per cent women-owned industrial park began operations in Hyderabad.
Details 
  • Promoted by the FICCI Ladies Organisation (FLO) in partnership with the State government, the park has 25 units, representing 16 diverse green category industries, all owned and operated by women.
  • From the electronic sector to packaging, medical devices, wellness, engineering, and food processing, the FLO industrial park demonstrates the power of women in the industry. 
  • The park has also created amenities to offer a homely environment for women by keeping in mind the necessities of working women entrepreneurs, including designing creches and playschools.
  • The FLO also plans to set up similar multi-industry women industrial parks in various States and a centre of excellence for skill development in Phase II.
About Park 

  • The FLO industrial park, the first-of-its-kind park in the country, was established over 50 acres in Sultanpur near Patancheru with an investment of Rs 250 crore.
  • The park has already garnered tremendous interest from women entrepreneurs to run and operate their businesses.
  • The park was inaugurated by the IT & Industries Minister KT Rama Rao.
  • He promised another 100 acres for expansion of FLO women industrial park, subject to the park’s focus on novel products.
  • He also assured to offer an additional 10 per cent subsidy for women entrepreneurs.
  • The Minister also said that in the last seven and a half years, the State has attracted $32 billion investments, generating employment potential of 1.6 million. 
Source- The New Indian Express

More Related Current Affairs View All

10 Jan

Rural landowners in Delhi want repeal of Sections 33 and 81 of Delhi Land Reforms Act

'Both sections dealing with the use and sale of agricultural land have come under the spotlight ahead of the Delhi Assembly elections.' This can only be done by the Central gove

Read More

10 Jan

Pravasi Bharatiya Diwas

'Prime Minister Narendra Modi inaugurated the 18th edition of the Pravasi Bharatiya Diwas  in Bhubaneswar.' The event is held once every two years to “honour the cont

Read More

10 Jan

Deciphering the Indus script

'Recently, Tamil Nadu Chief Minister M.K. Stalin announced a $1-million prize for experts or organisations in the event of their success in deciphering the scripts of the Indus Val

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps