Telangana seeks special fund allocation for Pharma City, NIMZ

Hyderabad, Dec 23 : Telangana’s Industry and Information Technology Minister K.T. Rama Rao on Wednesday urged the Centre to allocate special funds for various projects in the state in the upcoming Union Budget 2021-22.
In a letter to Union Commerce and Industry Piyush Goyal, he requested special funds for projects such as Hyderabad Pharma City, the National Industrial Manufacturing Zone (NIMZ), Zaheerabad, the National Design Centre (NDC), and setting up of Industrial Corridor in Telangana.
He thanked the Commerce Ministry for including Hyderabad-Warangal and Hyderabad-Nagpur industrial corridors by the NICDIT and for considering funding the initial two nodes for the Hyderabad Pharma City (HPC) and NIMZ, Zaheerabad.
The estimated project cost for taking infrastructure development in these two nodes is about Rs 3,000 and Rs 2,000 crore respectively.
Stating that the state government is keen to take up the development of these two projects on a fast-track basis, he requested Goyal to allocate funds to the extent of at least 50 per cent of the project cost in the budget estimates for 2021-22.
KTR, as the minister is popularly known, wrote that the state government is developing HPC as the world’s largest integrated pharma park to promote domestic manufacturing of pharmaceuticals in line with the ‘Make in India’ and ‘Atma Nirbhar Bharat’ initiatives of the Centre and to consolidate the leadership position of India in the pharmaceutical sector.