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Pharma City is likely to come up in Mahboobnagar, Telangana
Pharma City is likely to come up in Mahboobnagar, Telangana | Credit: KS Unite

TS Govt. Plans to Set Up ‘Hyderabad Pharma City’ in Mahaboobnagar

Hyderabad, INN: The Telangana Government has accorded permission for establishment of “Hyderabad Pharma City” in certain mandals of Ranga Reddy district and Mahaboobnagar district.

“The actual location and exact extent will be firmed up based on the availability of government land and private land which can be acquired for this purpose based on the negotiation process. Efforts will be made by the concerned District Collectors of the two districts so that the total extent is at least 12500 acres.

It should be a contiguous block so that an integrated development can be planned,” said the GO MS. NO. 30 of Industries & Commerce (IP&INF) Department issued here on Friday.

The State Government has designated Telangana State Industrial Infrastructure Corporation (TSIIC) as a Project Proponent and Nodal Agency for this purpose.

The TSIIC would take up with Government of India all necessary correspondence to get required clearances such as the Environmental Clearance (EC) in time and shall follow up with DIPP and other ministries to get approvals under NIMZ guidelines and establishment of relevant GOI organizations in the park.

TSIIC will also engage an expert/consultancy agency to ensure proper development of timelines, and which will guide TSIIC in infrastructure planning and execution.

“It will be ensured that all aspects as envisaged under the Park are actually incorporated and that best practices as prevalent across the world are studied and incorporated for each aspect of the park.

Special emphasis shall be laid on the modalities of development of CETP and the stages involved & technology required which will be suitable based on the climatic conditions and cost wise.

Since development of park requires close coordination with various agencies not only at the state level but also with GOI agencies as well as funding agencies and the stakeholders, a detailed activity chart will be developed by TSIIC in coordination with the expert/consultancy agency and a full time nodal officer shall be designated for the park till such time it is fully developed,” as per the GO.

The TSIIC has been directed to send detailed project proposal (DPR) to the Government on modalities for implementation and execution of project.

The financing model of the park will be worked out in consultation with this agency and all efforts should be made to access funds available with Government of India (GOI) or raise infrastructure funds from various agencies.

About HYM NewsDesk

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