The biological and medical research in Hyderabad got a big shot in the arm with the State Minister for Industries and Commerce K Taraka Rama Rao laying foundation stone for a Medical Devices Park and Biological Special Economic Zone in Genome Valley today in the city outskirts.
The Medical Devices Park will come up over an area of 400 acres and 70% of its production will be exported.
A vaccination manufacturing center as part of the Special Economic Zone of the Biological E ltd will be constructed at a cost of Rs 300 crore, the minister said adding that it will give a big boost to Hyderabad as a hub of research and development in the field of knowledge sciences.
Rama Rao lauded the plans of Biological E company to expand is vaccination facility and said that it will go a long way in developing Hyderabad into an industrial hub in India.