First phase of Pharma City to become operational by 2018

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The first phase of prestigious Pharma City project on the outskirts of Hyderabad is moving at a faster pace and is expected to be completed by end of 2018. As part of this, the state government of Telangana has already acquired 5640 acres of land out of required 15,000 acres and had already started building basic infrastructure facilities like roads, drainage and common effluent treatment plants.

“We are planning to build a chain-type Pharma City, which is designed as a self contained facility with residential townships for people working there in addition to a pharmaceutical university and a research centre among other things,” informed K. Taraka Rama Rao, minister for industries and information technology.

Conscious about environmental concerns, the state government of Telangana is encouraging the Pharma City project to be developed as a zero-liquid discharge facility while adequate precautions will be taken to make it environmentally safe and pollution free. “Pharma City is our dream project and the work is fast progressing. We are committed to make it operational by 2018,” said the minister.

The most important aspect of the Pharma City is the bulk drug manufacturing hub, which is expected to expand over an area of 8500 acres of land within the zone. This apart, formulation units, research centres and Pharma University along with residential zones for the employees of the Pharma City are some of the unique features constituting the pharma zone.

The overall cost of the Pharma City is estimated to be Rs.  75,000 crores. This mega pharma project is expected to house national and multinational pharmaceutical companies and life science related companies which would provide employment to lakhs of people.

According to Telangana State Industrial Infrastructure Corporation (TSIIC), the master plan for the entire Pharma City is still under preparation and the government is expected to come out with the complete design in the coming few days. “To garner financial support and assistance, we have sought loans from HUDCO and Asian Infrastructure Development Bank (AIDB) banks. By 2018 we are planning to complete the first phase,” informed a senior officer from TSIIC.

Source: http://www.pharmabiz.com/NewsDetails.aspx?aid=99503&sid=1


   

Comments

  1. Unknown10:30 pm, January 08, 2017

    This is really a great move in the development of pharma sector and overall progress

    ReplyDelete
  2. Swati8:02 pm, January 09, 2017

    This comment has been removed by the author.

    ReplyDelete

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