The Telangana Government today said it has signed an MoU with Singapore-based Surbana Jurong forpreparing a roadmap for Genome Valley 2.0, an upgraded version of life sciences and biotechnology industrial cluster near here.
The Genome Valley cluster has emerged as the largest life sciences destination in Asia, being home to over 200 companies employing 10,000 people, a release said.
"The current initiative will introduce a world class knowledge cluster and lay a master plan to transform the ecosystem into a smart satellite town of Hyderabad," it said.
Moreover, the clusters proposed footprint expansion will enable more global companies to establish and expand their operations, the release added.
The Genome Valley is already home to multinationals such as Novartis, GlaxoSmithKline, Mylan, DuPont, US Pharmacopeia among others and has recently witnessed major investments from new as well as existing companies.
Genome Valley 2.0 is a vision to upgrade the cluster into a world-class knowledge led integrated corridor in a self-sufficient life sciences ecosystem.
The cluster, currently an industrial hub, is being envisioned to transform into an industry led knowledge based ecosystem to become a driver for local economic development, it added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
