5 Major Pharma Cos Commit to Significant Investments: Min Sridhar Babu Optimistic

Hyderabad: IT and Industries Minister, Duddilla Sridhar Babu, announced that Hyderabad’s Green Pharma City is making rapid strides toward infrastructure development, with preparations underway for industrial setups within a year. On Wednesday, he held a review meeting with representatives of five leading pharmaceutical companies in the State. Representatives from Dr Reddy’s, Aurobindo, Hetero, Laurus Labs, and MSN Pharmaceuticals shared their proposals, expressing readiness to invest significantly in Pharma City. Minister Sridhar Babu welcomed their interest and expressed confidence in the growth potential of the region.

In alignment with the vision of Chief Minister Revanth Reddy, the upcoming Future City will include a dedicated Pharma City, creating a powerful ecosystem for the pharmaceutical industry. Together, these five pharma companies already employ over 2,00,000 people. In the initial phase, each company has proposed establishing their facilities on 50-acre plots, according to the minister.

Sridhar Babu detailed the infrastructure developments at Green Pharma City, including the ongoing work to ensure uninterrupted water and electricity supply. Plans are in place to construct a world-class, 300-foot-wide highway from Kongara Kalan to the Regional Ring Road. The notification for this project has been issued, and the tendering process is expected to conclude by June next year. Additionally, he assured that a parallel Metro rail system will be established for enhanced connectivity.

To support the scale of pharma operations, logistics parks, packaging zones, and dormitories for workers are planned. Sridhar Babu highlighted the competitive advantage of Telangana, explaining that while states like Gujarat and Odisha may offer land at low rates, they lack the robust ecosystem and supporting industries crucial for pharma success. He mentioned that centralised steam (hot water vapor) supply through pipelines would be explored, reducing the need for individual boilers for each industry. Water supply will be directly managed by TGIIC (Telangana Industrial Infrastructure Corporation), and an industrial electricity policy announcement is expected soon.

The meeting was attended by TGIIC MD Dr Vishnuvardhan Reddy and Industries Department Director Dr Malsur, who discussed further development plans.