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.
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.
