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.

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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.

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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.

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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