Genome Valley will get IALA status soon: KTR
THE HANS INDIA |
Feb 07,2017 , 04:49 AM IST
Hyderabad: KT Rama Rao, Telangana minister for industries, announced Industrial Area Local Authority (IALA) status for Genome Valley soon. After IALA status, the Genome Valley will get a boost in developing infrastructure, he said, while revealing that several new projects involving Rs 3,000 crore worth investments will make Genome Valley 2.0 a new age hub for life sciences in the global market.
Rama Rao toured Genome Valley here on Monday and inaugurated new projects and laid foundation for some more. Rao said: “With 200 pharma companies and over 10,000 employees, Genome Valley has emerged Asia’s largest cluster and a major centre for research activity in the global life sciences segment.
This enabled Hyderabad to lead the vaccines production in the global market. With over Rs 3,000-cr projects, Genome Valley 2.0 will set a new benchmark in the global life sciences space. Telangana government will soon announce IALA status to Genome Valley. We have entered into an MoU with Cerestra for setting up Rs1,000-cr infra fund.” Novartis, GSK, Lonza are expanding their operations here. Rao requested Dr Paul Stoffels, chairman , (Pharmaceuticals) Johnson & Johnson, to set up I Lab here. Stoffels was among others, who accompanied Rao in the Genome Valley tour.
Rao laid foundation stone for several new projects including Biological E Ltd’s vaccines plant, 50,000-sqft ICICI SME Knowledge Park, second phase of MN Park, 20,000-lakh sqft ready to occupy I-hub, and National Animal Resource Facility for Bio Medical Research Center, which is first-of-its-kind in state-center partnership.