February 28, 2024Anmol Nagpal

Telangana cancels ambitious pharma city project

The Telangana government announced its decision to abandon the ambitious Hyderabad Pharma City project, initially proposed by the Bharat Rashtra Samithi (BRS) regime.

Source: ANI

The previous Pharma City project aimed to cover a vast 10,000-acre area and was projected to expand further over time, making it the largest pharma manufacturing cluster.

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Industries and IT Minister, D Sridhar Babu, cited multiple challenges behind the decision to shelve the Pharma City project hindering its progress.

Source: Unsplash

The project had struggled with arguments over its environmental impact, conflicts from farmers, and various legal issues concerning land procurement.

Source: Gujarat Tourism

The minister stated that while the state government has yet to decide on the future use of the Pharma City land, it remains open to exploring alternative options.

Source: Unsplash

Furthermore, the government said that it will make investments ranging from Rs 22,000 crore to Rs 30,000 crore over the next five years.

Source: Unsplash

Chief Minister of Telangana Revanth Reddy said that his government is now undertaking the expansion of Genome Valley across 300 acres of land.

Source: PTI