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Pharma City gets positive response
Pharma City gets positive response. Enthused by the tremendous response from pharma majors to set up facilities in the proposed Pharma City, the Telangana government is considering exhance the boundaries to 30 km radius.
Big, small drug companies together have sought about 4,000 acres in the proposed city
Hyderabad: Enthused by the tremendous response from pharma majors to set up facilities in the proposed Pharma City, the Telangana government is considering exhance the boundaries to 30 km radius.
Speaking to reporters on the sidelines of BDMA event here on Monday, Industry Secretary Aravind Kumar said the project is getting good response from industry. It has received ‘expression of interest’ bids from the pharmaceutical industry from domestic and overseas companies, he added.
“We have already acquired land from revenue department in various sizes spread across the 30 km radius, forming part of the proposed Pharma City project”, Kumar said. There is a huge demand of about 4,000 acres of land (without common areas) from small, medium and large business houses, he added.
He further said that the government has also received EoIs from two of the top 10 MNC pharmaceutical companies. It has roped in BDMA for identifying potential inmates for the pharma city.
“We propose to have clusters like small and medium industries, large industries, research labs, Pharma University, training institutes, logistics hubs, dry port, customs area and common facilities like effluent treatment plants etc,” Kumar said.
He said that the government has already provided about 10 acres of land for setting up of 400 kv electrical substation within the proposed city to provide uninterrupted power supply to the inmates, besides the government is also assuring 100 million liters per day of water to the pharma city.
The state government has already identified about 11,000 acres for the pharma city and most of the land located in Mucherla village in Ranga Reddy district. However, some of the land is categorised as forest land, for which the environment clearance is yet to receive.
The proposed city is expected to have drug testing facilities of international like USFDA and local government agencies of international repute, thus offering higher degree of quality facilties.
In the first phase, the government is expected an investment of over Rs 25,000 crore which will generate an employment to about one lakh people both directly and indirectly.
