Minister KTR Requests Centre To Provide Financial Assistance To Hyderabad Pharma City

Hyderabad, Oct 20 (Maxim News): IT and Industries Minister KTR wrote letters to Union Minister of Commerce & Industry Piyush Goyal and Union Minister of Petroleum and Natural Gas & Steel Mr. Dharmendra Pradhan.

In the letter to Union Minister Piyush Goyal, Minister KTR, requested the centre to provide ‘Grant in Aid’ of Rs. 1,318 Crore for implementation 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 as a priority node of proposed Hyderabad – Warangal Industrial Corridor project and feasibility study for the same has also been completed as per the NICDIT guidelines.

Minister KTR stated that the project will be first-of-its-kind featuring state-of-the-art infrastructure, common facilities including Zero Liquid Discharge (ZLD) based Common Effluent Treatment Plant (CETP), Integrated solid waste management facility, District heating & cooling systems, Logistic Parks, Global Pharma University, Regulatory facilitation cells, Common Drug Development & Testing Laboratories, Startup/SME Hub etc.

The overall master planning for 19,333 acres, detailed master planning & detailed designs for the Phase-1 (8400 acres) have been completed and as a major milestone in the development of the project, Environmental clearance has already been accorded by MoEF&CC, GOI.

Government of Telangana has already constituted SPV in the name of Hyderabad Pharma City Limited and the implementation of Phase-1 has been initiated. “You will be pleased to note that the project has received overwhelming response from both domestic and global companies to set-up manufacturing units,” said Minister KTR.

Highlighting the HPC, Minister KTR mentioned that overall investment potential of the project is estimated to be around Rs. 64,000 crores with employment generation of 5.6 lakh jobs.

Minister KTR also stated that the Hyderabad Pharma City promises 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.

In the letter to Minister Dharmendra Pradhan Minister KTR stated that the industrial units currently operating in Pharma sector are primarily using Coal as their fuel for generation of steam. Given the National importance of the project, the Minister requested the centre to provide Natural Gas allocation on Preferential Tariff Basis & Reliable Supply for Project Operations.

Minister KTR stated that the Hyderabad Pharma City (HPC) is the “World’s Largest Integrated Pharma Park”to promote domestic manufacturing of pharmaceuticals in line with the “Make in India” initiative of the Government of India and to consolidate the leadership position of India in the pharmaceutical sector. Minister also stated that the Central government has already recognised Hyderabad Pharma City project as a project of National Importance and has accorded in-principle approval as “National Investment and Manufacturing Zone”.

“Government of Telangana reassures its commitment towards the development of a world class Hyderabad Pharma City and promoting competitive domestic manufacturing of pharmaceuticals under the Make in India initiative of GOI,” said Minister KTR.(Maxim News)