Telangana Chief Minister K. Chandrasekhar Rao carried out an aerial survey yesterday for over three hours on Ranga Reddy, Mahbubnagar and Nalgonda districts along with the pharmaceutical industry representatives and officials from CMO office to find a suitable land for the pharma city and Cinema city on the outskirt’s.
Chief of big pharma companies such as Dr. Reddy’s, Aurobindo, Hetero etc who accompanied the CM have expressed satisfaction with the proposed site at Mucherla area. The proposed pharma city would be eco friendly and will be on par with the international standards.
CM has informed that the pharma companies are willing to invest 30,000 crore in the pharma city and provide employment to 70,000 people. A pharma university and a research institute would also be established here. Similarly a cinema city is also planned in Rachakonda areas on 2000 acres.