Biocon to expand presence in Hyderabad, Syngene to set up R&D lab

Biocon to expand presence in Hyderabad, Syngene to set up R&D lab

Published
Hot News
2 min read
K. T. Rama Rao. (Photo: IANS)
Biocon Chairperson and Managing Director Kiran Mazumdar Shaw. (File Photo: IANS)
Biocon Chairperson and Managing Director Kiran Mazumdar Shaw. (File Photo: IANS)
Hyderabad, Feb 23 (IANS) India's largest biopharmaceutical company Biocon will expand its presence in Hyderabad while its subsidiary Syngene will set up a research and developmentm an official statement said on Friday.The expansion and new facility are expected to create 1,500 jobs, the company announced on the sidelines of 15th BioAsia.Biocon will increase its presence in APIs (Active Pharmaceutical Ingredients)/ Intermediates to add 500 new jobs, said a statement from the office of Telangana's Industry Minister K. T. Rama Rao, who met Biocon MD Kiran Mazumdar Shaw.The R&D lab will come up in Genome Valley to generate another 1,000 high-tech jobs.The minister gave an overview of the infrastructure that the state government is developing including Pharma City, Medical Devices Park and Genome Valley Phase 2.Earlier, a business delegation headed by Thailand's Deputy Commerce Minister Chutima Bunyapraphasara,met Ramo Rao, who explained about the state's proactive business environment and how the state has ranked number one in Ease of Doing Business index. He gave an overview of various priority sectors like pharma, life sciences, aviation, food processing etc.During a meeting with Italian Consul General in Mumbai Stefania Costanza, the minister said that the startup state of Telangana has become a role model state in attracting investments.Rama Rao also met Terri Bresenham, CEO & President, Sustainable Healthcare Division, GE, who expressed interest to collaborate with Telangana Academy of Skill & Knowledge in healthcare skilling.--IANSms/vd

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!