US biotech giant Amgen to invest Rs 1,600 crore in Hyderabad by this year-end

Company inaugurates Technology & Innovation site at Raheja Knowledge City in Raidurg

Hyderabad: Amgen, a biotechnology major from the US, is making an investment of Rs 1,600 crore in Hyderabad by 2025-end.

As part of this expansion, the company inaugurated its new Technology & Innovation site at Raheja Knowledge City in Raidurg on Monday.

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Amgen employs 300 professionals in Hyderabad. The company plans to add another 300 employees by this year-end.

Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu participated in the unveiling ceremony.

Sridhar Babu said Hyderabad emerged as a hub for Global Capability Centres (GCCs) and Telangana was actively working to position itself as a skilled human resource powerhouse.

Amgen’s presence would play a pivotal role in fostering biotechnology talent in the State, he said.

The company should collaborate with Telangana’s universities, startups and research institutions to drive innovation and skill development, he added.