Biocon to set up R&D facility in Hyderabad.

Biocon, the biopharmaceuticals major, will start an R&D lab of its subsidiary Syngene in Genome Valley, Hyderabad, along with an expansion of its existing API/Intermediates facility.

The Managing Director of the Bengaluru-based company Kiran Mazumdar-Shaw met Telangana IT & Industries Minister KT Rama Rao on the sidelines of BioAsia 2018 HICC today.

She informed the Minister about the decision of Biocon to expand their operations in Telangana, during the meeting.

The investment details were not announced.

While the expansion will lead to creation of 500 new jobs, the R&D facility will generate at least 1,000, according to a press release.

Minister KTR also informed Kiran Mazumdar about the start-up ecosystem and few interesting start-ups in the healthcare and pharma sectors along with the expansion in the Genome Valley.

In another meeting with Terri Bresenham, CEO & President, Sustainable Healthcare Division, GE, the GE team expressed interest to collaborate with Telangana Academy of Skill & Knowledge (TASK) in healthcare skills.

The Minister informed the GE team that another arm of GE - the GE First Build is partnering with the Telangana government’s initiative and the country’s largest prototyping lab, T-Works.

HBL