Telangana Industries Minister KT Rama Rao officially launched a new phase of development in the bio sciences hub Genome Valley by laying the cornerstone for five projects. These have the potential to employ 3,000 people and require a total investment of Rs 1,100 crore.
These also include the Biopharma Hub (B-Hub), a PPP initiative involving the Telangana State Government, the Department of Biotechnology, and the Telangana State Industrial Infrastructure Corporation (TSIIC). This attempts to stimulate the biopharma industry.
Speaking on the occasion, Rama Rao said the demand for space at Genome Valley was on the rise. “We have a good problem on hand. We are running out of space at the cluster,” he said, adding that various developments and expansions happening would add about 20 lakh sqft space in the next two years or so.
