Andhra Pradesh Signs MoU with FICCI-FLO to Establish 30-Acre Industrial Park for Women Entrepreneurs

Key facts

• The Andhra Pradesh government signed a Memorandum of Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry – Ladies Organisation (FICCI-FLO) to establish an exclusive industrial park for women entrepreneurs.
• The agreement involves the development of a 30-acre industrial park in Amaravati under the state policy for private industrial parks with plug-and-play industrial infrastructure (4.0) for the period 2024-29.
• The proposed park is dedicated to women entrepreneurs who are members of FICCI-FLO to promote enterprise creation, economic self-reliance, and employment generation.
• The initiative aligns with the state government plan to establish 175 Micro, Small and Medium Enterprises (MSME) parks, with one situated in each assembly constituency.
• The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) will facilitate land allotment, statutory approvals, and infrastructure development for the project.
• The MoU was signed by the Minister for Industries and Commerce and Food Processing, TG Bharath, and FICCI-FLO National President, Poonam Sharma.
• The budget outlay for the industrial park is not specified in the article.
• The specific launch date for the commencement of the park is not specified in the article.