Hyderabad, Nov 1 (KNN) Industries and IT Minister KT Rama Rao on Thursday met Union Minister of Railways, Commerce and Industry Piyush Goyal and sought Central assistance of Rs 3,418 crore for the Hyderabad Pharma City project. 

In a memorandum submitted to the Industry Minister, Rama Rao requested the Centre to release Rs 2,100 crore for developing internal infrastructure in phase-1 of the Pharma City.

He also sought Rs 1,318 crore for implementation of external infrastructure linkages in phase-1, including roads, bulk water supply and airstrip.

Stating that the HPC would be “world’s largest integrated pharma park,” Rama Rao sought the Centre’s financial assistance for the national project. The HPC has been integrated as a priority node of proposed Hyderabad-Warangal Industrial Corridor project and feasibility study for the same has also been completed.

The Central government had already accorded National Investment and Manufacturing Zone (NIMZ) status to Pharma City coming up in Rangareddy district.

“The overall master planning for 19,333 acres, detailed master planning and detailed designs for the phase-1 (8,400 acres) has been completed and as a major milestone in the development of the project, environmental clearance has already been given,” he informed Goyal.

Rama Rao further said that there is an overwhelming response from the both domestic and global companies to set up manufacturing units. Overall investment potential of the project is estimated to be around Rs 64,000 crore with employment generation of 5.6 lakh jobs (direct and in-direct).

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