Hyderabad: Genome Valley, the largest innovation and life sciences cluster in the country which is home to over 200 companies, will be expanded with more than 2 million sft of laboratory and incubation space in partnership with IKP Knowledge Park and MN Park. This would be in addition to the new medical devices park being developed in about 250 acre at Sultanpur in Sangareddy district.
The medical devices park which will be launched on June 17 is one of the major new initiatives announced by IT and Industries Minister KT Rama Rao here on Monday to fast track the industrial growth in the State. During the launch, the TS government will sign memorandum of understanding with 10 medical devices manufacturing companies and hand over the land allotted to them.
The Telangana government has envisaged establishing a Life Sciences Infrastructure Fund which will be first of its kind in the country. To the tune of Rs 1,000 crore, the fund will be used to create sophisticated modular plug-and-play specialised infrastructure for pharmaceuticals, biotechnology and medical devices industry. Under phase-1 of Hyderabad Pharma City, about 6,300 acres of 8,200 acres were acquired by the Telangana State Industrial Infrastructure Corporation (TSIIC) and the acquisition of the remaining land is expected to be completed by October.
The Mines Department achieved a revenue of Rs 3,169 crore, which was 103 per cent of the annual target and attained a growth rate of 34 per cent, highest among all States. Sand revenue was about Rs 419 crore. The land acquisition for the proposed seed park in Siddipet district is nearing completion, while four Mega Food Parks at Nizamabad, Gadwal, Khammam, and Sangareddy are coming up.
The Union Ministry of Road Transport and Highways has undertaken initiative for development of Multi-Modal Logistics Park (MMLP) along key routes connected by National Highways to improve logistics efficiency. “We have proposed dry ports at a few places and a couple of places have been identified in Nalgonda district for the dry port proposed to come up by this year end. Simultaneously, the concept plan for dry port is completed and DPR is under progress,” the Minister said.