: Worlds biggest pharmaceutical cluster, Telanganas Pharma City, to be launched shortly: KTR #IndiaNEWS #News Hyderabad: Pharma City, the largest pharmaceutical cluster in the world in the making, has

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Worlds biggest pharmaceutical cluster, Telanganas Pharma City, to be launched shortly: KTR #IndiaNEWS #News
Hyderabad: Pharma City, the largest pharmaceutical cluster in the world in the making, has received all the required clearances and is getting ready to be launched shortly. The works on the 19,000-acre project, which will help the pharma companies achieve economies of scale, are progressing rapidly, IT and Industries Minister KT Rama Rao said here on Saturday.
Speaking at the CII Southern Regional Council meeting, he said Telangana has achieved rapid progress across sectors and it will continue to maintain the growth momentum even as it will try to explore untapped sectors.
Prime Minister Narender Modi had called politicians from across the country two years ago to take feedback on what needs to be done to put India on a growth highway. “Telangana suggested the 3I mantra- innovation, infrastructure and inclusivity. The State has been following this and the results have been very encouraging,� he said.
Innovation was not just a subject matter of the technology domain. It could happen in governance as well, he said, adding that the State’s industrial policy TS-iPASS was one such innovation. Good practices in select markets were studied before announcing this and it heralded a single window system for industries and the approvals are given within 15 days. The proposals get a deemed approval on the 16th day if there is no valid reason for delay. It also had provisions to levy a penalty on the officials responsible for the delay and also to meet or beat the incentives offered by other States.
So far, about 20,000 industrial proposals have been approved in the past eight years based on self certifications from the companies and this translated into investments worth $ 35 billion (about Rs 2. 83 lakh crore) and a direct employment to about 16 lakh people. The State is also focused on reducing the cost of doing business for the industries. The industries that have land can straight away begin the construction of their units without approvals from the multiple departments. However, the details of the investment, employment generation, and other details along with the self-certification have to be provided online.
Telangana is now home to the largest incubator, T-Hub, and also to India’s largest prototyping center, T-Works. It has set up other bodies like the TSIC, RICH, WE-Hub and others.
The State is focused on creating an enabling infrastructure with an aim to ensure that development happens across Telangana and not just around Hyderabad. The companies in India have a huge potential to tap as many players are looking for a China Plus One model for their operations after the pandemic. This approach will ensure that the activities are not disrupted in the future.

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