Telangana Seeks Rs 3,418 CR For Pharma City

Telangana State has sought financial assistance of Rs 3,418 crore from the Central government for the upcoming Hyderabad Pharma City (HPC) project towards infrastructure development.

Industries Minister K T Rama Rao wrote separate letters to Union Minister of Commerce and Industry Piyush Goyal and Union Minister of Petroleum, Natural Gas and Steel Dharmendra Pradhan, where he also requested supply of natural gas to the industries in Pharma City.

Rama Rao requested the Centre to provide a ‘Grant in Aid’ of Rs 1,318 crore for implementation of external infrastructure linkages and another Rs 2,100 crore towards internal infrastructure development under Phase-1.

Prestigious project

The Minister said that the Hyderabad Pharma City (HPC) is the world’s largest Integrated Pharma Park to promote domestic manufacturing of pharmaceuticals in line with the Union government’s ‘Make in India’ initiative and also consolidate leadership position of India in the global pharmaceutical sector. “Telangana government reassures its commitment towards development of a world-class Hyderabad Pharma City and promoting competitive domestic manufacturing of pharmaceuticals under the ‘Make in India’ initiative,” he added.

The Hyderabad Pharma City project has been integrated as a priority node of proposed Hyderabad-Warangal Industrial Corridor project and a feasibility study for the same also has been completed as per guidelines. The Central government has already recognised Hyderabad Pharma City project as a project of national importance and accorded in-principle approval as a ‘National Investment and Manufacturing Zone’ (NIMZ), the Minister pointed out in his letter. –  Telangana Today

 

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