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

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

05 Mar

Arresting women at night

'The Madurai Bench of the Madras High Court in Deepa versus S. Vijayalakshmi and Others ruled that the legal provision in the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, which

Read More

05 Mar

Digital Personal Data Protection Act, 2023

'The Ministry of Electronics and Information Technology (MeitY) looking to wrap up public consultations on the draft Rules for the Digital Personal Data Protection Act, 2023 by Mar

Read More

India’s First Ai-Driven Magazine Generator

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