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Telangana government on Friday entered into separate Memorandums of Understanding (MoUs) with six major pharma companies to set up their manufacturing/ research centres 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.
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