Hon’ble Minister I&C, IT E&C, MA & UD K T Rama Rao inaugurated a state of the art HMDA Truck Dock Logistics Park at Batasingaram.
The logistics park at Batasingaram is jointly developed by HMDA and Truck Dock Logistics in a PPP mode in about 40 acres and at a project cost of Rs.40 Crores.
The logistics park provides facilities such as warehouse (2 lakh sq ft), parking for 500 trucks, cold storage for 10,000 metric tonnes, dormitory for 200 persons, restaurants, office space, fuel stations, primary health centre, and automobile service centre.
Source: The News Minute
New Delhi: 64 Heads of Missions in India leave for Hyderabad, where they are scheduled to visit Bharat Biotech and Biological E. Ltd, in continuation of the briefing by Ministry of External Affairs (MEA). The facilities are developing COVID-19 vaccine.
Sources said that this is the first such visit and it will be followed by visits to facilities in other cities. It is in continuation of the COVID-19 briefing by the Ministry of External Affairs on November 6.
India is the world’s largest vaccine manufacturer and has been contributing significantly to global efforts against COVID-19 pandemic.
Sources said there is a lot of interest in India’s vaccine development efforts.
Prime Minister Narendra Modi has said that India’s vaccine production and delivery capacity will be used to help all humanity in fighting this crisis.
He visited the Zydus Biotech Park in Ahmedabad, Bharat Biotech in Hyderabad and Serum Institute of India in Pune on November 28 to conduct an extensive review of the vaccine development and manufacturing process.
On November 30, he had virtual meetings with teams from Gennova Biopharmaceuticals Ltd Pune, Biological E Ltd Hyderabad and Dr Reddys Laboratories Ltd Hyderabad. The three teams are working on developing and manufacturing vaccine for COVID-19.
Bharat Biotech had on Monday applied for emergency use authorisation for its indigenously developed COVID-19 vaccine ‘Covaxin’ to Drugs Controller General of India (DCGI).
It is the second Indian company to apply for emergency use authorization after the Serum Institute of India applied for such use for the vaccine developed by Oxford University and AstraZeneca.
Amazon Web Services (AWS), the secure cloud computing platform of American technology giant Amazon, will invest approximately Rs 20,761 crore (USD 2.77 billion) to set up multiple data centers across Hyderabad, Telangana Minister for IT and Industries KT Rama Rao announced on Friday.
Taking to Twitter, Rao said that the project will be “the largest Foreign Direct Investment in the history of Telangana.” “After a series of meetings, AWS has finalized investment of Rs 20,761 Cr ($ 2.77 Bn) to set up multiple data centers in Telangana. The @AWSCloud Hyd Region is expected to be launched by mid 2022,” he posted on the micro-blogging site.
The AWS will set up an AWS Asia Pacific (Hyderabad) Region with three Availability Zones (AZs) here, an official statement from the IT department said.
The press note added that the AZs will consist of multiple data centers in separate distinct locations within a single region that are engineered to be operationally independent of one another with independent power, cooling, physical security, and connections via a low-latency network.
Earlier this year during his Davos visit, the minister had met the top brass of AWS and had invited them for investment in the state. This investment will act as a strong anchor for attracting other technological investments, the minister said.
“AWS choosing Hyderabad as their preferred destination speaks volumes about the swiftness with which the government operates and also the transparency in the system. This investment further strengthens the existing relationship that Telangana enjoys with Amazon,” the minister said while stressing that Hyderabad is already home to the largest office campus of Amazon.
According to the IT department, it is the robust policy framework provided by the state, apart from the city meeting with the rigorous requirements for an AWS region, that attracted AWS in choosing Hyderabad.
The establishment of data centers like AWS is expected to support Telangana’s digital economy and the IT sector. The government is hopeful that the new AWS Asia Pacific (Hyderabad) region will enable more developers, startups, and enterprises, as well as, the government, education, and non-profit organizations to run their applications and serve end-users from data centers located in India.
Source : IndianExpress
Hyderabad has been the frontrunner in life sciences sector attracting multi-national and large domestic companies across pharmaceuticals, biotechnology and clinical research areas. In line with the success it has seen in attracting investments, two pharma companies Granules India and Laurus Labs have committed a cumulative investment of Rs 700 crore in setting up new units in Genome Valley, Hyderabad.
Granules India is investing Rs 400 crore to set up a finished dosages unit while Laurus Labs is investing Rs 300 crore for a formulations manufacturing facility.
Granules India, a Hyderabad-based pharmaceutical company, will be making a major investment of Rs 400 crores to set up a manufacturing facility with a capacity to make 10 billion units of finished dosages. The proposed unit will generate employment to about 1,600 people.
Granules India already has manufacturing sites in eight locations and presence in 75 countries across the globe. The company already operates the world’s largest commercial Pharmaceutical Formulation Intermediates (PFI) Facility at Gagillapur near Hyderabad.
Krishna Prasad Chigurupati, CMD of Granules India met IT & Industries Minister KT Rama Rao at Pragathi Bhavan today to formally make this announcement.
Similarly, Laurus Labs, a research-driven pharmaceutical manufacturing company will be setting up a formulation facility with a capacity of 5 billion units. The company plans to invest Rs 300 crores in two phases of Rs 150 crores each. Phase 1 of the plant is expected to provide employment to about 150 People.
Satyanarayana Chava, CEO, Laurus Labs, met the Industries Minister along with his team before making this announcement. Industries Department principal secretary Jayesh Ranjan was also present in the meeting.
Laurus Labs has its R&D facility in IKP Knowledge Park, Hyderabad and also operates six manufacturing units in Visakhapatnam. All these facilities have been certified and approved by WHO, USFDA, NIP Hungary, and other renowned agencies. Laurus manufactures bulk drugs for anti-retroviral (ARV), oncology, cardio-vascular, anti-diabetics, anti-asthma and gastroenterology.
KTR thanked the leadership of both Granules India and Laurus Labs for choosing to invest in Telangana.
He stated that the Telangana government will provide all possible support to both these companies and the proactive policies of the State government, under the leadership of CM K Chandrashekar Rao are attracting global leaders in IT, Pharma, Textiles, Aerospace and Defence and other sectors to Hyderabad and other parts of Telangana.
The Minister expressed confidence that these investments into the manufacturing sector will provide the needed employment to local youth from Telangana.
Ester Industries Ltd., a listed company, will invest about ₹1,350 crore to set up an advanced polyester packaging film manufacturing facility in Telangana.
The Gurgaon-based firm is a manufacturer of polyester films, specialty polymers and engineering plastic compounds. It currently has a manufacturing facility in Khatima district of Uttarakhand.
The investments will be made in three phases. “Implementation of the first phase is scheduled to be completed by the third quarter of 2022. This project will create direct employment for about 800 people,” a top official of the Telangana government has said.
Welcoming the move, Telangana IT and Industries Minister KT Rama Rao assured the firm of all help from the government in rolling out its plans in the State.
The firm proposes to export 30-40 per cent of its production, which will help to establish Telangana’s footprint on the global flexible packaging map, according to Arvind Singhania, Chairman of the firm, said.
Source : Hindu