Telangana government on Friday entered into separate Memorandums of Understanding (MoUs) with six major pharma companies to set up their manufacturing/research centers at the Pharma City in Hyderabad.
According to a release, the MoUs were signed with Dr Reddy’s Laboratories, Aurobindo Pharma, Gland Pharma, Hetero, Laurus Labs and MSN Labs.
12,490 jobs
“The total investment committed by these companies is ₹5,260 crore which will generate 12,490 jobs. The land to be allocated has already been identified and will hand over to these companies over next four months,” the release added.