Last Updated on October 23, 2024 by The Health Master
Pharma City to be launched this year, Industries Minister K.T. Rama Rao said.
Industries Minister K.T. Rama Rao said that there were no more obstacles in the way of launching the Pharma City project this year at Mucherla, 40 km from here.
He further said that the Telangana State government had obtained the National Investment and Manufacturing Zone (NIMZ) approval and the environmental clearance for pharma city from the Centre.
Also read: Subsidy on loans for pharmaceutical infrastructure
Land acquisition for pharma city
The land acquisition for 10,000 acres was also over while 2,000 acres more was needed, for the biggest pharma city Mr. Rao told media persons.
He said the government would launch Pharma City this year as the world’s biggest pharma city.
Something which he would inform the board meeting of Indian Pharmaceutical Association that he would attend in Mumbai in a few days.
Also read: Single-window clearance system in pharma: Govt
Many companies seeking participation
The launch of pharma city project had already been conveyed to the top brass of Piramal group, global conglomerate in pharma industry, seeking its participation.
Mr. Rao also said basic infrastructure at the Pharma City like setting up sub-stations and laying roads had already commenced.
Also read: Indian pharma may grow 10-12 %: ICRA
ETP in the pharma city
The government would have to work on establishing an effluent treatment plant (ETP) in the upcoming pharma city with the objective to make it a pollution-free project.
Making a point that the next decade would unfold with interesting developments in terms of growth story for Telangana, Mr. Rao said apart from the pharma city the focus would be on giving impetus to electronics, manufacturing, textiles and food processing.
Also read: Cabinet approves extension of pharmaceuticals purchase policy
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