-Galla S Kiran Kumar,Bureau Chief Telagana (Andhra Pradesh)
The Telangana government has entered into an MoU with Bristol Meyers, an American pharma company. The agreement was signed by the representatives of the Bristol Mayors organization under the leadership of the Minister of State for IT and Industries KTR.
Hyderabad: The Telangana government has entered into a memorandum of understanding with Bristol Meyers, an American pharma company. The agreement was signed by the representatives of the Bristol Mayors organization under the leadership of the Minister of State for IT and Industries KTR. The Minister said that 1500 people will get employment opportunities through this company which has come forward with an investment of over Rs.800 crores. On this occasion, Bristol Mayors explained to the representatives of the organization that the world’s largest pharma cluster is being established in Hyderabad.
Bristol Mayors is one of the top ten pharma companies in the world. The life sciences sector in Telangana is growing strong and fast. This is a good opportunity for the youth in this field. It is a great thing that a company that is not yet in India is investing in Hyderabad. It takes 12 to 18 months to set up a company unit anywhere in the country. However, unlike in Hyderabad Pharma City, the company can start operations immediately without any delay as it has all the approvals. We have suggested to the representatives of the organization that the organization should also consider other advantages like those in Hyderabad. KTR suggested that Bristol mayors should focus on the manufacturing sector as well.
Samit Hirawat, representative of Bristol Mayors, said, “Our aim is to research, develop and produce new medicines in the field of pharmaceuticals. We are a specialized company developing medicines for cancer, immunology, cell therapy, oncology, and cardiovascular diseases. Compared to the Hyderabad I saw four years ago, there is a remarkable development now. We conduct clinical trials in India. Looking for better opportunities in this field. We will invest 100 million dollars in the next three years,” he said.
