Telangana Chief Minister Revanth Reddy on Tuesday said the state government will launch the next phase of ‘Genome Valley’, the country’s first organized cluster for life sciences research and development and clean manufacturing activities, with an investment of Rs 2,000 crore in 300 acres of land here.
Speaking at the annual medical and life sciences event ‘BioAsia 2024’, Reddy said the government is also planning to develop 10 ‘Pharma Villages’ in the state. This project will have an investment potential of Rs 1 lakh crore.
The Chief Minister said, I am announcing the establishment of the next phase of Genome Valley in 300 acres of land here with an investment of Rs 2,000 crore. He said that after the establishment of pharma villages, they will have the potential to generate five lakh jobs.
Reddy said the government has also identified clusters for new integrated pharma villages in three different regions of Telangana – Vikarabad, Medak and Nalgonda – for infrastructure and investment. He said that the state government has attracted investment of Rs 40,000 crore in the recently held World Economic Forum conference in Davos, Switzerland.