KTR woos Pharma honchos

  • Promises best of facilities
  • Pharma employees to be housed in smart city
  • Jupally says red tape would be replaced by red carpet

Hyderabad, January 23: Wooing the investors of bulk drug industries from across the world with all facilities to rope in their businesses at Hyderabad, Telangana Information Technology minister K Taraka Rama Rao today said that they are offering a hassle-free regime of transparent permissions sans corruption in just three weeks.

Though, as per schedule, chief minister K Chandrsekhar Rao was to launch the three day 66th Indian Pharmaceutical Conference (IPC), KTR inaugurated it and called upon the Pharma honchos to come up with investments as the city will soon become a world class Pharma hub that would provide thousands of jobs to people of the state. He exhorted the pharma industries to play a key role in transforming Telangana into a golden state and magnify Hyderabad brand image of global destination. Portraying Hyderabad as an IT hub with many noted companies, KTR said that the Government has already allotted 11,000 acres of land for Pharma city.

We are committed to push ahead our flagship program of promoting Pharma City to come up at Muchcherla in Nalgonda district. A proposal is being looked into to provide accommodation facility to pharma employees in a Smart City to come up nearby’, he said. The minister tried to attract the pharma honchos by offering the best of the facilities to ensure increase their production and exports as well. He exuded confidence that the government can offer them facilities of international standards for bulk industry and specific pharma companies.

Industries Minister Jupally Krishna Rao said that Pharma city, on being functional, will increase India’s 30 per cent of bulk drugs manifold. The government will replace red tape with red carpet for the industries, he said adding that the state is now contributing 40 per cent of exports in the industry.

IPC Chief Venkat stressed the need for setting up of Pharma Centre in Hyderabad and said  the government should expedite steps for speedy construction of pharma city.(NSS)

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