Mr. K.T. Rama Rao, the Information Technology (IT) and Urban Development Minister of Telangana inaugurated the Thermo Fishers India Engineering Center at Gachibowli, Hyderabad.
During the inauguration event, the Working President of the Telangana Rashtra Samithi (TRS) said, the K. Chandrashekar Rao led TRS Government is creating a better environment for investors in the State. He further added that the Telangana Government is working towards the goal of achieving $ 100 billion in the field of life sciences by 2030.
In addition, Mr. K.T. Rama Rao said the Thermo Fishers Research and Development Center is being set up, to enhance the science field in Telugu State aiming for huge business in the life science sector. He further said that the company would be established with an investment of $ 15 million, generating employment for over 450 skilled engineers. Furthermore, The center at Hyderabad is a 42,000 sq. ft facility with an engineering lab. It would support new product development for laboratory and analytical solutions for Thermo Fisher’s global sites.
Mr. K.T. Rama Rao said, “Inauguration of Thermo Fisher Scientific’s IEC is a testament to the overall ecosystem for life sciences in Telangana and the pro-business policies of the government, which attracts global players to Hyderabad. With the annual planned R&D investment of approx. USD 15 million, I am also happy to learn that this facility will create employment of over 450 people, throughout the value chain.”
Appreciating the Capital City of Telangana, Mr. K.T. Rama Rao said that Hyderabad has a special place in terms of skill and efficiency and has several research centres. He said, “Hyderabad is also a good place for global capability centres.
The inauguration event of the Thermo Fishers India Engineering Center was attended by the IT Department officials and TRS leaders.
Stay tuned for further updates.
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