Aurobindo Pharma, Dr Reddy's Labs and 4 others partner with Telangana to set up facilities in Pharma City
New Delhi: Dr Reddy's Laboratories, Aurobindo Pharma, and Hetero Labs and 3 other pharmaceutical companies have signed memorandums of understanding (MoUs) with the Telangana government for setting up facilities in the Pharma City with an investment of over Rs 5,260 crore, the government announced on Friday.
The investment is expected to create 12,490 job opportunities in the pharma sector, according to an official release.
"The pharma company managements signed MoUs to establish the industries. The six companies expressed their interest to invest more than Rs 5260 crore. The investments will provide 12,490 job opportunities in the pharma sector. The government will allocate land for the establishment of the new pharma manufacturing units in the recognised pharma city," the release said.
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