The Hyderabad Pharma City project proposed by the Telangana government promises to position India as the global manufacturing hub for pharmaceuticals.

The Telangana government is seeking Rs 3,418 crore from the Centre for Hyderabad Pharma City proposed to be built here.

In a letter by Industries Minister K.T. Rama Rao to Union Commerece & Industry Minister Piyush Goyal and Union Petroleum and Natural Gas & Steel Minister Dharmendra Pradhan, Rao put up a request to provide ‘grant-in-aid’ of Rs 1,318 crore for implementing of external infrastructure linkages and Rs 2,100 crore for the project towards Phase-1 internal infrastructure development.

The Hyderabad Pharma City project has been integrated under the Hyderabad-Warangal Industrial Corridor project as a priority. The feasibility study for the project has been done as per the National Industrial Corridor Development & Implementation Trust (NICDIT) guidelines.

Rao mentioned that the project, first of its kind will be featuring state-of-the-art infrastructure and common facilities such as Zero Liquid Discharge-based Common Effluent Treatment Plant, district heating and cooling systems, an integrated solid waste management facility, logistic parks, regulatory facilitation cells, testing laboratories, common drug development, startup/SMS hub and a Global Pharma University.

The overall master plan spanning across 19,333 acres, detailed designs for the Phase-1 (8.400 acres) and detailed master plan have been completed and marked as a major milestone in the development of the project. The Union Environment, Forest and Climate Change Ministry has also given environmental clearance for the same.

The Telangana government has already developed a special purpose vehicle for the Hyderabad Pharma City Ltd and embarked on implementation of Phase-1. “You will be pleased to note that the project has received an overwhelming response from both domestic and global companies to set up manufacturing units,” said Rao.

He stated that the project holds an overall investment potential of Rs 64,000 crore resulting in employment generation of 5.6 lakh jobs with a promise to position India as the global manufacturing hub for pharmaceuticals. “In order for a project of this nature and scale to succeed, it is imperative to have the strong support from Government of India,” Rao added.

In the letter to Pradhan, Rao mentioned usage of coal as fuel for generation of steam in the industrial units currently operating in the pharma sector. Hence, keeping in mind the national importance of the project, Rao requested the Centre to allocate natural gas on a preferential tariff basis for project operations.

Rao highlighted in the letter that the Hyderabad Pharma City (HPC) is the “World’s Largest Integrated Pharma Park” to encourage domestic manufacturing of pharmaceuticals that is in alignment with the “Make In India” initiative. This project is aims to secure the leadership position of India in the pharmaceutical sector.

Like

Dislike

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.