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Rs 800 crore projects launched in Hyderabad’s Genome Valley
Hyderabad, Sep 6 (IANS) Telangana’s Minister of Industries K.T. Rama Rao on Thursday inaugurated new projects worth Rs 800 crore in Genome Valley here.
The new projects include biosimilars manufacturing, advanced pharma and biotech R&D, formulation manufacturing and integrated turnkey lab spaces for high-tech research.
These projects of varied nature signify the large breadth of capabilities present in Genome Valley, which has emerged as Asia’s largest high innovation and life sciences cluster, according to an official release.
The Hyderabad-based GeneSys Biologics, a specialty biotech company engaged in R&D of advanced biosimilars, announced the inauguration of their state-of-the-art biotechnology manufacturing facility in Genome Valley.
GeneSys plans to deploy around Rs 350 crores overall in their facility which will see a 10 to 20 fold increase in their output and lead to large scale direct employment opportunities for highly skilled workforce.
“Given the extraordinary strengths of Telangana in vaccines and pharmaceuticals, we have taken various initiatives focussed on accelerating biologics and biosimilars development as part of the Genome Valley 2.0 Vision,” said the minister.
In another major boost to the Genome Valley cluster, the fastest growing Canadian generic drug manufacturer JAMP Pharma will be setting up its biggest center of excellence for R&D and manufacturing of export quality drug formulations and will invest around Rs 250 crores with generation of 2,000 direct jobs over the next 24 months.
Monsieur Louis Pilon, Global President and CEO of Jamp Pharma Corp, met the Minister, who assured him of complete support of the state authorities and requested him to consider scaling up Jamp Pharma’s operations in Hyderabad.
Laxai Life Sciences, a Genome Valley based custom biotech and pharma R&D, also inaugurated its new 50,000 square feet facility in Genome Valley with state-of-the-art German R&D infrastructure, which will cater to development of novel small molecules, biologics and custom pharma services for US and European companies.
Foundation stone was also laid for Touchstone Square, an integrated and collaborative R&D park through proposed investment of Rs 150 crore.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.