India’s first 100% women-owned Industrial Park inaugurated in Hyderabad.

Why in news?

• India’s first 100 percent women-owned ‘FLO (FICCI Ladies Organisation) Industrial Park (FIP)’ in Hyderabad, Telangana powered by Federation of Indian Chamber of Commerce & Industry (FICCI) Ladies Organisation (FLO) in partnership with Telangana government was inaugurated with the commencement of operations by 25 women-owned and operated units represent 16 diverse Green Category Industries at the Park.
• It is the flagship project at a national level with participation open to Chapter Members, and the national members of FLO.

About FIP:

• FIP in Hyderabad, Telangana is around 50 acres and was established by FLO in association with Telangana State Industrial Infrastructure Corporation (TSIIC) with an investment of Rs.250 crore. The FIP began operations with 25 Green Projects in Hyderabad.
• The FIP includes amenities from the electronic sector to packaging, medical services, wellness, engineering and food processing to demonstrate the power of women entrepreneurs.
• The park will also offer a home environment for women entrepreneurs including creches and playschools.
• This paves way for female entrepreneurs to run and operate their business from this park.

About FICCI Ladies Organisation (FLO)

• Establishment – 1983 (a division of the Federation of Indian Chambers of Commerce and industry (FICCI)) Headquarters – New Delhi, Delhi
• President – Ujjwala Singhania