11 June 2016 Current Affairs: Telangana government has ordered setting up of a 'Pharma City' on 12,500 acres of land in Rangareddy and Mahbubnagar districts of the state.
Telangana State Industrial Infrastructure Corporation (TSIIC) shall send detailed project proposal (DPR) to the government on modalities for implementation and execution of project and also carry out all aspects related to the development of this park in a transparent manner duly following all relevant rules.
As Telangana has traditionally been the bulk drugs capital of the country with almost 1/3 of the total production in value terms, state government intends to keep not only the leader status in the sector but also facilitate setting up of the most modern facilities along with all necessary where withal in an integrated manner.
The government has accordingly decided to set up a state-of-the-art pharmaceutical city, a one stop shop for pharmaceuticals manufacturing companies, biotech and life sciences companies along with all related activities.
The proposed park will have components and other related activities with regard to antibiotics, fermentation products, synthetic drugs, large volume chemical synthesis, intermediaries, vitamins, vaccines, drug formulations, nutraceuticals, herbal medicinal products, specialty chemicals, cosmetics among others.
The actual location and exact extent of land will be firmed up based on the availability of government land and private land.