HYDERABAD: FICCI Ladies Organisation (FLO), Hyderabad andTelangana State Industrial Infrastructure Corporation (TSIIC) today announced to jointly set up a Women Entrepreneur's Industrial Park at Patancheru here.
Spread over 50 acres, this flagship project, in collaboration with TSIIC, is a first for both FLO and its parent body FICCI and this park will house women-owned and women-run businesses, in industry verticals, primarily in the green and orange categories, a FLO release said.
"The park will be ready in two months. We will commission the park in next two years. Now applications process is underway. The land is allotted at a cost of Rs 45 lakh per acre," Padma Rajgopal, Chairperson of FLO Hyderabad said.
The Park will house women-owned and women-run businesses, representing varied industry verticals primarily in the green and orange category, she said.
Jyotsna Angara, Governing Body Member FLO, who leads the initiative at Hyderabad said, "Green energy norms and green infrastructure will be a big aspect of the Park. It is a multi-industry vertical park. Priority for allotment of land will be given to FLO members. Presently 50 acres land is allotted and may be extended as the demand increases".
"Approximately Rs 200 crore will be invested over a span of three to five years. A cumulative employment of 3,000 will be generated in next five years," Jyotsna added.
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