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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