First phase of Pharma City to become operational by 2018
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.
This is really a great move in the development of pharma sector and overall progress
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