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.
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.