Provide financial support to Hyderabad Pharma City, KT Rama Rao urges Centre

Deccan Chronicle.

Nation, Current Affairs

Rama Rao requested the Centre to provide grant-in-aid of Rs 1,318 crore for implementation of external infrastructure linkages.

K.T. Rama Rao

Hyderabad: Industries minister K.T. Rama Rao on Sunday requested the Centre to provide financial assistance to the Hyderabad Pharma City (HPC).

The minister has written letters to Union ministers Piyush Goyal and Dharmendra Pradhan, telling them that the Centre has already recognised Hyderabad Pharma City as a project of 'national importance' and has accorded in-principle approval to it as a national investment and manufacturing zone.

Mr Rama Rao requested the Centre to provide grant-in-aid of Rs 1,318 crore for implementation of external infrastructure linkages and Rs 2,100 crore for the project towards Phase-1 internal infrastructure development.

He brought to the ministers' notice that the project has been integrated as a priority node of the proposed Hyderabad-Warangal industrial corridor project and a feasibility study for this has also been completed following the National Industrial Corridor Development & Implementation Trust (NICDIT) guidelines.

The minister explained that the project will be a first-of-its-kind featuring state-of-the-art infrastructure, common facilities including zero liquid discharge (ZLD) based common effluent treatment plant (CETP), integrated solid waste management facility, district heating & cooling systems, logistic parks, global pharma university, regulatory facilitation cells, common drug development & testing laboratories, startup/SME hub etc.

Mr Rama Rao said that environmental clearance has already been accorded by the Union ministry for environment and forests, and the state government has already assigned a special purpose vehicle in the name of Hyderabad Pharma City Limited and the implementation of Phase-1 has been initiated.

“You will be pleased to note that the project has received an overwhelming response from both domestic and global companies to setup manufacturing units,” Mr Rama Rao wrote and mentioned that the overall investment potential of the project is estimated to be around `64,000 crore and will generate 5.6 lakh jobs.

Read more...