CM Revanth Reddy has announced that the second phase of Genome Valley will be set up in Hyderabad city soon. Inaugurating the Health Care and Life Sciences Bio Asia 2024 Conference at Hitex, the CM congratulated Nobel laureate Prof. Greg L. Semenza, who was selected for the Genome Valley Excellence 2024 Award this year. On this occasion, CM Revanth Reddy said that Genome Valley would be established on three hundred acres with an investment of Rs 2000 crores and the process of establishing ten pharma villages with an investment of one lakh crores had already started.
“With this valley, along with infrastructure, enormous opportunities will be available for aspiring entrepreneurs, and 5 lakh people will get new jobs,” he said. He added, “These pharma villages will be set up in the green field pharma sectors in Vikarabad, Medak and Nalgonda districts and it will be very convenient for all the entrepreneurs of the world as they are being set up very close to one hour’s journey from Hyderabad International Airport.”
Revanth Reddy also added, “The government is also planning to develop ten “Pharma Villages” in the state which will have investment potential of Rs one lakh crore.”