Biocon to set up research and development unit in Telangana

Hyderabad: Biopharmaceuticals firm Biocon will soon start a research and development (R&D) lab of its subsidiary Syngene in Genome Valley in Telangana, which is expected to generate 1,000 high-tech jobs, the state government said.

The company will also be expanding its current presence in Hyderabad on APIs (Active Pharmaceutical Ingredients/ Intermediates) to add 500 new jobs, it added.

Biocon MD Kiran Mazumdar-Shaw met Telangana IT and Industries Minister K T Rama Rao on the sidelines of BioAsia 2018 and informed the minister about Biocon's decision to expand their operations in Telangana, the statement said.

A business delegation headed by Chutima Bunyapraphasara, Deputy Minister of Commerce, Thailand, also met Rao on the sidelines of BioAsia 2018.

The minister also met Terri Bresenham, CEO & President, Sustainable Healthcare Division, GE. The GE team expressed interest in collaborating with the Telangana Academy of Skill & Knowledge (TASK) in healthcare skilling, the release added.