Major biotech corporations make a beeline to the State
Hyderabad, December 22, 2006In what can be a strong indicator for the good prospectus of biotech industry in the State many major companies, including US based global giant Du Pont are expressing keen interest in setting up their facilities in the State. Lakshmi Parthasaradhi, Principal Secretary, Department of Industries and Commerce told to the media that they are in the advanced talks with Du Pont, which requested for allotment of site for setting up an R&D centre and have offered 15 acres in ICICI Knowledge Park.
The investment could be very high, given the nature of Du Pont’s operations across the world. Du Pont is a two-century-old multinational chemical and healthcare company that operates in over 70 countries across the globe. The Bangalore based Pharma major, Biocon has also approached the State Government for land. She said that the governments have offered two places for the company-in the Pharma City in Visakhapatnam and the Genenome Valley in Hyderabad.
In addition to the 75-acre Pharma SEZ in the third phase of Knowledge Park, Shanta Biotech would act an anchor client by partnering with French Pharma major. Many other companies including GVK Bio Sciences and 3Gene have been allotted land and in the next six months 440 acres in the third phase of the Park.
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