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Telangana plans 11,000 acres pharma city

Thursday, 04 Dec 2014
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The Telangana government has proposed to set up India's largest integrated pharma city spread over 11,000 acres near Hyderabad.

The pharma city will include affluent treatment plants and a township for employees and is expected to attract investment of Rs 30,000 crore in phases.

A team of top executives of Hyderabad-headquartered pharmaceutical firms including Dr Reddy's, Aurobindo Pharma, Hetero Drugs and Virchow Labs accompanied Chief Minister K Chandrasekhar Rao on Wednesday for an aerial survey of the proposed location at Mucherla, about 70 km from Hyderabad.

Several existing drug makers have evinced interest in setting up their greenfield projects with an employment potential for 70,000 persons in the proposed city.

Hyderabad accounts for nearly a fifth of India's exports of drugs, which stood at Rs 90,000 crore in 2013-14.

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