Novartis is the fourth largest pharma-company
Hyderabad, October 20, 2006The State Government on Friday gave not to Novartis to start its operations in IT Enabled Services (ITES). A team of Novartis called on the Chief Minister Dr YS Rajasekhara Reddy when it was agreed to sign a Memorandum of Understanding on Wednesday.
Novartis, the fourth major Pharma Company in the world was invited by the Government to set up the ITES along with R&D facility. IT Secretary K Ratna Prabha was also in the US a few days ago to negotiate with the CEOs of nearly top 25 companies.
She said that the State had become the IT destination during the period as seen from the sanctioning of 32 Special Economic Zones (SEZs), the highest in the country. She denied that the IT industry was being developed without involving small and medium enterprises.
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