Telangana Government has started Hyderabad Pharma City plan which will be one of its kind world-class life sciences center. Hyderabad Pharma City will be housing anything related to pharma which will include research, support services, and residential areas.
The Telangana Government has varied plans for distribution of land and creates a complete sustainability master plan to assign all the available land into residential spaces, industrial areas, community requirements, and infrastructure requirements and reap the monetary benefits of commercial and real estates.
The orchestrated development plan will be taking up all the life sciences plethora like bulk drugs production units, innovation R&D centers and Generic, which also take care of clinical trials and other research places, large data, bio informatics centers and large data hubs, sole med-tech and biotech clusters and also offices for Support staff and Back office Call centers.
The government seeks to provide additional general support services and infrastructure such as logistics centers, cold storage units, warehouses, labs which are common to all and a complete range of hi-tech testing equipment will be established with priority. Which will bring many greenfield investments and create a plug and play infrastructure. Very targeted incentives which will include financial incentives such as special tax zone, tax breaks, and subsidized capital could be arranged for startups and newcomers. In the anvil is also special zone privileges which would safeguard intrests of investor and help in boosting their confidence.
Hyderabad Pharma City – PPP Basis
The government envisages generally beneficial Public-private Partnerships which could be useful in raising the required financial resources for any project, and thus distributing the risk among various investors and not burdening any single entity. This concept of partnership as proven earlier with various government projects has increased efficiency of the business and project execution and giving more scope of varied funding which also would be a green approach.
The Public-Private Partnerships could help in getting the project matching future requirements regarding green funding while ensuring more justifiable risk allocation. This way the projects could ensure global emission standards for any pharma city. Thus the government wants to ensure the investments go into up-to-date technologies and infrastructure with the need to zero-emission standards, which in turn would be helpful in waste management and other recycling and upcycling centers.
Hyderabad Pharma City -Liveability quotient ecosystem.
To Leverage and create a positive outlook of the Hyderabad Pharma City as a prominent pharma center, the government looks forward to a live work play environment and favorable factor among the general public. The government wants to ensure that the pharma city would be very detailed planning which will stress lifestyle ease. Also ensuring enough lung spaces to be created which are planned not only in Pharma city but all through Hyderabad and particular stree on eduction, research and healthcare facilities.