‘State is hub for biotechnology’

Special Correspondent

Hyderabad: The phase III of the Genome Valley is expected to develop into a world class cluster of life science companies. Already 19 companies with an investment of Rs. 13,675 crore have booked land at the 600 acre Biotech Park at Karkapatla village in Mulugu Mandal of Medak district.

The first unit under Phase III was commissioned on Wednesday with J. Geeta Reddy, Minister for Major Industries, inaugurating the R&D centre of Globion India Ltd.

A subsidiary of Suguna Poultry Farms, Coimbatore, Globion is investing Rs. 50 crore for manufacture of 5000 million doses of poultry vaccine.

Dr. Geeta Reddy complimented Globion managing director, D.K. Dey, for going ahead with the project despite the global meltdown. She predicted lot of economic activity in the immediate surroundings as a spin off effect. Another vaccine producing unit, Indian Immunologicals Ltd, a subsidiary of the National Dairy Development Board, was handed over 50 acre land.

This industry is expected to go on stream in next one and half years. Avesthagen, a life science and plant science research unit, was coming up on a 50 acres land. The Indian Council of Medical Research (ICMR) was investing Rs. 350 crore to set up an Animal Resource facility here.

“All this is going to generate lot employment. The land value too has shot up in this area,” the Minister said.

Earlier, Dr. Geeta Reddy inaugurated the 33/11 KV sub station and water supply scheme at Karkapatla forming part of her Gajwel constituency. B.P. Acharya, CMD, APIIC, N.K. Prasad, Commissioner, Industries, were also present.

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