Hyderabad: In a first of its kind initiative in the country, Telangana State Industrial Infrastructure Corporation (TSIIC) and Ficci Ladies Organisation (FLO) are developing an industrial park dedicated to women entrepreneurs at Sultanpur, spread over 50 acres, adjacent to the medical devices park. Taking this initiative to the next level, Telangana Industries Minister KT Rama Rao handed over the land allotment letters to 18 women entrepreneurs who will set up their units in the industrial park.
The entrepreneurs will be setting up units across industrial verticals that include packaging, handloom, electronics and electrical, food processing, medical devices, furniture and general engineering.
These companies are expected to bring in investments to a tune of Rs 150 crore through the industrial park, in the first phase. This is also a first such industrial park being created for women entrepreneurs at Ficci and FLO, ever. All the companies are 100 per cent women-owned.
Highlighting the importance that Telangana government gives to women entrepreneurship, KTR said, the State has allocated about 200 acres for women entrepreneurs under several women entrepreneur associations. Government is now looking for two more locations for FLO Phase 2 and other future demand.
He added, “We have given adjacent land at the medical devices park to FLO for its Phase I activity. Land has been given at a subsidised rate. The government is also creating infrastructure at the industrial park at its own cost. We are keen to provide 10 per cent of the land available in industrial parks to women entrepreneurs. The Phase I development of FLO TSIIC Industrial Park is expected to generate 1,500 jobs, largely employing women.”
Pinky Reddy, FLO national president, said, “Backed by the progressive and proactive industrial policy of the State, Hyderabad and Telangana have become the most preferred destinations for an investor, attracting MNCs and international brands.”
FLO TSIIC Industrial Park Core Committee head Jyotsna Angara, said, “Telangana government has enabled a vibrant ecosystem for the industry to grow. The State has achieved a double-digit growth above the national average. For the industrial park, TSIIC team has provided guidance and handholding to the FLO team to conceptualise a women-only industrial park. Manufacturing will be the backbone of economic growth and this industrial park will not only make products from Telangana but will also generate thousands of jobs. We are seeking the government to allot land for Phase 2 development with an aim to establish clusters there with 10 companies of the same vertical working together.”
US Consul-General in Hyderabad, Katherine Hadda, speaking on the occasion said, “Hyderabad has emerged as a major industry attraction attracting global companies from across the sectors. The city has also been a host for international business conference. The State has always showed firm interest in encouraging women entrepreneurship.”
Stating that India is a country of entrepreneurs, Ficci president Rashesh Shah, said, India is today a $2.5 trillion economy and its GDP is doubling almost every 7-8 years, its time the country nurtures women entrepreneurship.
TSIIC sees fresh investments
Telangana State Industrial Infrastructure Corporation (TSIIC) is seeing a dual impact of the women-only industrial parks. Women-led units are not only making significant investments by setting up green-field units but also adding fresh jobs.
TSIIC MD E V Narsimha Reddy told Telangana Today, “The industrial park at Gajularamaram that has been operational for the last 5-6 years has so far attracted Rs 250-300 crore investment, creating 2,000 jobs. COWE’s industrial park is under development which is meant for small and medium enterprises with a potential to attract Rs 100 crore investment, creating about 1,500 jobs.”
“FLO’s Phase I development will create 1,500 jobs attracting Rs 150 crore investment. ALEAP which is making its expansion at Nandigama village in about 70-80 acre. Building construction is going to begin soon. By next year, it can see investments to the tune of Rs 250-300 crore, which can create an employment of 2,500-3,000 jobs,” he informed.
TSIIC will be looking at multiple locations to allot land for FLO Phase 2 development, in and around Hyderabad. There could be a possibility that land in east and south of Hyderabad could be explored.
As part of the Phase 1 development, with the land allotment letters having been handed over to the entrepreneurs on Friday, construction works will begin in the next six months and the units could be ready for commissioning by the end of 2019 or mid-2020.