Greenfield pharma clusters in Vikarabad, Medak and Nalgonda districts
Rs one lakh crore investments will provide 5 lakh jobs
Hyderabad is a beacon of hope for the world amid virus pandemic
Chief Minister Revanth Reddy at BioAsia Summit 2024
HYDERABAD, FEBRUARY 27, 2024: Chief Minister A Revanth Reddy announced the establishment of a second phase Hyderabad Genome Valley soon. The Chief Minister inaugurated the Healthcare and Life Sciences BioAsia 2024 conference at Hitex on Tuesday. The CM congratulated Nobel Laureate Professor Greg L. Semenza for being selected to the Genome Valley Excellence 2024 Award this year. The CM accompanied by Industries and IT Minister D Sridhar Babu presented the award to Semenza.
On this occasion, Mr Revanth Reddy said “Genome Valley will be established in three hundred acres with an investment of Rs.2000 crores. The process of setting up 10 pharma villages with an investment of Rs one lakh crores has already begun. This will open up enormous opportunities for aspiring entrepreneurs. The new facility will provide 5 lakh jobs. The pharma villages will be established in Greenfield pharma sectors in Vikarabad, Medak and Nalgonda districts. The greenfield facility is also very convenient for all the entrepreneurs of the world as it is located very close to Hyderabad International Airport” he said.
The Chief Minister said that the BioAsia conference which was being held in Hyderabad has become crucial amid raising the health concerns around the world after the Covid pandemic. The CM said that Hyderabad as the capital of bioscience created a confidence in all mankind today. Today, one of every three vaccines used in the world is being produced in Hyderabad itself.
The CM pointed out that Covid has proved that everyone in the world has the same problems in providing health security and the solutions to the problems should be achieved by working together. The Chief Minister said that his government is committed to develop Hyderabad, which is already the capital of IT-software, research and start-up sectors, and also in bio sciences. The international and domestic organizations consolidated the systems which are necessary to carry out their activities here without any hurdles. His government is also giving top priority to the MSME sector which creates a bridge between small start-ups and big corporate companies, he said.
“My government is ready to fulfil the dreams of the investors and entrepreneurs to grow,” the CM said and added that Telangana has already received huge investments of Rs 40,232 crores in the recently held World Economic Forum at Davos. The CM welcomed Takeda company for entering into an agreement with Biological- E company to produce 5 crore doses of vaccines annually. “We are creating confidence in the world that Hyderabad is ready to produce vaccines’ ‘, the CM said the Miltenyi company from Germany also set up its research center in Hyderabad. The CM wished the Hyderabad BioAsia conference to be a great success by holding fruitful discussions for the wellbeing of humanity and a step forward.
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