Telangana plans mega pharma city spread over 11,000 acres near Hyderabad.

Telangana proposes to set up India's largest integrated pharmaceutical city spread over 11,000 acres near Hyderabad, complete with affluent treatment plants and a township for employees, in a bid to attract investment of Rs. 30,000 crore in phases.

The Telangana Rashtra Samithi -led government plans to leverage on the existing ecosystem of pharmaceutical firms in Hyderabad, which is known as the bulk drug capital of India.

Hyderabad accounts for nearly a fifth of India's exports of drugs, which stood at Rs. 90,000 crore in 2013-14.

A team of top executives of Hyderabad-headquartered pharmaceutical firms including Dr Reddy's, Aurobindo Pharma, Hetero Drugs and Virchow Labs accompanied Chief Minister K Chandrasekhar Rao on Wednesday for an aerial survey of the proposed location at Mucherla, about 70 km from Hyderabad.

ET