Chief Minister A. Revanth Reddy, Ministers D. Sridhar Babu and G. Vivek Ventkat Swamy on the ceremony laying of the foundation 1.75 Lakh SQ FT on Tuesday in Hyderabad.
The TELANGANY Government makes every effort to create an atmosphere, infrastructure and policies needed to attract global companies that follow China plus one strategy, said the main Minister A. Revanth Reddy.
“We are working hard to create an atmosphere.” He said and tried to emphasize how Telangana, on the basis of the establishment as a center for various industries and industries, is well located as a scout company for worldwide to diversify their production outside China.
Mr. Revant Reddy claimed that more and more investors were looking at India at the Foundation Foundation, which in Hyderabad’s Genome Valley claimed that the “Lakh SQ FT at Hyderabad’s Genome Valley claimed that the domestic biopharmaceutical company Ichor Biologics” 1.75 Lakh SQ FT.
The global trend is in accordance with the greater growth of the ambition that Telangana has determined for itself. The state competitions for investments with other countries and not states, the main minister has declared and added stability in the industry politicians, including those with incentives and project approval, remains a characteristic feature of the TDP regime, the previous Congress and BRS regimes. In addition to accelerating the industrial development process, its government in 18 months since the office was helpful to attract 3.2 ₹ Crore Fresh Investments.
He also tried to emphasize the role of industries in achieving aspirations and telangan objectives, including a state that formed $ 1 trillion into the economy by 2035 and contributed 10% to the $ 30 trillion by 2047 by 2047.
IT and the Minister of Industry Sidhar Babu said that the assembly that the government was working to transform the state into a global node for life sciences. The Life Sciences sector in the state recorded an impressive Cagr 23%, significantly above the national average of 14% and contributed 2.5-3% to GSDP Telangana, compared to the national average of 1.5%, underlining the state leadership in this space.
CBRE Global Life Sciences Atlas 2025 said Hyderabad had a place among the world’s leading clusters of life sciences alongside Boston, San Francisco, Cambridge and Tokyo. Hyderabad is the first Indian city to appear in this list. In 2024, Life Sciences rented 2.4 million square feet in Hyderabad – in 2023 out of 1.8 million square feet and 0.6 million square feet in 2022, reflecting the exponential sector growth.
On this occasion, the Minister of Labor G.Pivek Venkat Swamy appreciated the management of Ichor Biologics for significant progress that the company has achieved over the years.
The company said it was founded in 2011 and operated in 2013 in Genome Valley and focused on the development and commercialization of therapists derived from high plasma. Hundreds of people employs new equipment.
Published – 15 July 2025 17:00
