HYDERABAD: With the Centre granting the National Investment Manufacturing Zone (NIMZ) status to Hyderabad Pharma City, the Telangana government is now going ahead with its plans to allot land to as many as 150 firms in phase I.
The Telangana State Industrial Infrastructure Corporation (TSIIC) has already acquired about 8,500 acres for the Pharma City project, which is coming up at Mucherla in Rangareddy district on the outskirts of Hyderabad.
Senior officials said 350 firms had approached the government seeking land in Pharma City. “Initially, land will be allotted to 150 pharma units. Several pharma associations are queuing up for allotment of land. We will launch the application process soon and allotment will be made directly to individual companies,” principal secretary, industries, Jayesh Ranjan told TOI on Thursday.
A couple of days ago, industries minister KT Rama Rao had revealed that Pharma City would be operationalised this year. Top sources in the government said once infrastructure facilities are in place, the process of land allotment would be completed before May this year.
The government is speeding up the Pharma City project as all the required permissions, including environmental clearance, have already been granted by the Centre. Though the project was conceived in 2015, it took four years to get the clearances.
Ten days ago, Union industry minister Piyush Goyal set the ball rolling by asserting that the Centre had granted its final approval for the project by giving it NIMZ status. In fact, the Centre approved NIMZ status to Pharma City in January 2016 but kept it on hold.
Earlier, the Telangana industries department submitted a techno-economic feasibility study and development plan report for getting the final approval. Based on the reports, the final approval was granted in the second week of December.
The government had taken Rs 750 crore loan from Hudco, while KTR had written letters to the Centre seeking Rs 3,418 crore for creation of a full-fledged Pharma City in the form of a grant, besides allotment of natural gas on a preferential tariff basis for use as fuel by pharma units.
“The Telangana government asked for a grant-in-aid of Rs 1,318 crore for creation of infrastructure, besides Rs 2,100 crore, which will be half the expenditure to be incurred for creation of internal infrastructure and common effluent treatment plants,” a senior official said.-Times Of India