Bristol Myers Squibb to establish state of -the-art site in Hyderabad with investment of Rs 800 crore
Samit Hirawat said the new BMS site in Hyderabad will also create significant employment and economic opportunities locally as we continue to grow our presence in the years ahead
Hyderabad: Bristol Myers Squibb, a world's leading biopharmaceutical company will establish a state of-the-art site here to expand its global drug development and IT capabilities with an investment of Rs 800 crore, a Telangana government press release said on Thursday.
The announcement was made after Telangana Minister KT Rama Rao's meeting with Samit Hirawat, Executive Vice-President, Global Drug Development at BMS, who is in the city to participate in BioAsia 2023, it said.
The company plans to begin operations in Hyderabad later in 2023, with the potential over the next few years to employ approximately 1,500 people who will be engaged in cutting-edge Research and Development and digital activities, a BMS release said.
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