Revanth ₹2000 Cr Expansion: Genome Valley to Triple in Size

Revanth | Hyderabad, Feb 27 (Maxim News): Chief Minister Revanth Reddy announced that the next phase of Genome Valley would be established in 300 acres with an investment of Rs. 2000 crores.

Click Here To Join Us On WhatsApp 

“We have already announced the establishment of 10 pharma villages with investment of Rs. 1 lakh crore and this will develop infrastructure, create jobs, opportunities for entrepreneurs, and we will create over 5 lakh new jobs, ” Revanth Reddy said at the inaugural ceremony of the 21st Bio Asia conference here on Tuesday.

The Chief Minister said Hyderabad was the undisputed capital of life sciences in India and perhaps in the world. “One in three vaccines of the world are made in Hyderabad. In the last 20 years, BioAsia has helped position India and Asia Pacific as a focal point in life sciences, Revanth Reddy said.

Click Here To Join Us On WhatsApp 

Stating that there was both anxiety and hope, he said if Covid was fear, Data and AI in Healthcare were hope. Hyderabad is the capital of research and startups and IT, he said.

Revanth Reddy

The State government was committed to create the perfect ecosystem that includes policy, infrastructure and support. We must also confess my focus on driving MSMEs further, which are the bridge between the startups and corporates, he said.

Click Here To Join Us On WhatsApp 

“Recently I met representatives from the Pharma sector to understand their challenges and we have promised to support them in the best way that we can. If you dream to reach the sky, we will ensure a rocket is in place to take you to the sky, Revanth Reddy said.

21st Bio Asia conference

“The government has also identified clusters for Greenfield Integrated Pharma villages in Vikarabad, Medak and Nalgonda, all three different areas of Telangana for infrastructure and investment. We are employing a decentralization strategy to focus on these three different directions of Telangana, Revanth Reddy said.

Click Here To Join Us On WhatsApp 

At the recently concluded World Economic forum in Davos, the State government got Rs. 40,232 crores investment. “I am delighted that Takeda has decided to set up the manufacturing facility in Hyderabad in partnership with Biological E. – this facility will make 50 million doses of vaccines each year, ” he said.

The Chief Minister also said Milteny Biotec had decided to set up an R&D facility in Hyderabad. “I would also like to congratulate Prof. Gregg Semenza, Nobel Prize winner, for being awarded the Genome Valley Excellence Award, ” Revanth Reddy said. (Maxim News)


Next Story:

  • Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness

    Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness

    Hyderabad, Nov 22 (Maxim News): The Drug Control Administration (DCA), Telangana State seized several drugs that were circulating in the market with misleading claims of treating Cardiovascular disorders, blood pressure, Ophthalmic diseases/disorders, fevers, and diabetes, which is in contravention of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, a DCA press release said.


  • Three Arrested For Practicing Allopathy In Telangana

    Three Arrested For Practicing Allopathy In Telangana

    Hyderabad, Nov 22 (Maxim News): The drug inspectors of Telangana State Drug Control Administration (TSDCA) conducted raids on the premises of three quacks (unqualified medical practitioners), who were practicing allopathy, at different locations in Telangana State and seized substantial stocks of medicines worth Rs. 83,000, stored illegally for sale.


  • Like Praja Palana Forms, Now Caste Survey Applications On Road

    Like Praja Palana Forms, Now Caste Survey Applications On Road

    Hyderabad, Nov 22 (Maxim News): The caste census survey applications have been found scattered again and this time near Tarnaka Metro station in the city on Friday. This is the second such incident being reported in the State.


  • Strict Action Against People Involved In Food Adulteration: Health Minister

    Strict Action Against People Involved In Food Adulteration: Health Minister

    Hyderabad, Nov 22 (Maxim News): Keeping in view that the cases of food poisoning incidents have recently increased in the state capital Hyderabad. Food Adulteration incidents are coming to light somewhere in the city every day. It is known that recently a woman died after eating momos, Minister for Medical, Health and Family Welfare Damodar Raja Narasimha has…


  • CM Revanth Reviews Ongoing Works For Telangana Talli Statue Installation

    CM Revanth Reviews Ongoing Works For Telangana Talli Statue Installation

    Hyderabad, Nov 22 (Maxim News): Chief Minister Revanth Reddy inspected the installation of the Telangana Talli Statue on the Secretariat premises. After greeting the laborers working there, the Chief Minister inquired about the work progress and other details.


Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook pageTwitter and Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.