Business Economy


Rs 300 cr investment in Life Sciences sector to create 250 jobs in Genome Valley: Sridhar Babu

Hyderabad, Mar 15 (UNI) Telangana Minister for IT, Industries and Commerce Duddilla Sridhar Babu on Sunday announced that US-based Cambridge Isotope Laboratories (CIL) and Hyderabad-based Chem Thathva Chiral Solutions will jointly establish an advanced manufacturing facility in Genome Valley with an investment of Rs 300 crore.
The Minister said the companies plan to invest the amount over the next three years and set up the facility in Phase–4 of Genome Valley in Hyderabad. The project is expected to generate employment for around 250 people.
Sridhar Babu revealed that the decision was conveyed by the CEOs of both companies during a meeting with him at the Secretariat on Sunday, according to an official statement.
He said Telangana is steadily emerging as a global hub for Life Sciences and Speciality Chemicals, and the partnership between Cambridge Isotope Laboratories and Chem Thathva reflects the growing confidence of international companies in the state.
He stated that the proposed state-of-the-art facility will manufacture isotope-labelled compounds, which are widely used in pharmaceutical research, metabolic studies, diagnostic testing, modern electronics, organic electroluminescent materials (OLED) and the semiconductor sector. Once operational, the project will help reduce the country’s dependence on imports of such products.
The Minister noted that companies are choosing to invest in Genome Valley due to its strong industrial ecosystem, availability of skilled scientists, world-class infrastructure and the state government’s progressive policies.
Chem Thathva Chiral Solutions CEO Dr Vishal Rajput said the collaboration with Cambridge Isotope Laboratories would help build world-class manufacturing capabilities in Telangana.
Cambridge Isotope Laboratories CEO Cliff Caldwell, Telangana Life Sciences Director Shakti Nagappan and other officials were present at the meeting,
UNI VV CDS
More News

Adani to develop airport related real estate assets

11 Apr 2026 | 5:34 PM

Mumbai, Apr 11 (UNI) Adani Enterprises Limited informed the stock exchange on Saturday about the incorporation of four new wholly-owned subsidiary companies, namely Adani Mangaluru Airport City Limited (AMACL), Adani Jaipur Airport City Limited (AJACL), Adani Lucknow Airport City Limited (ALACL) and Adani TRV Airport City Limited (ATACL) under its step-down subsidiary called Adani Airport City Limited. .

see more..

Hyderabad’s Orbicular Pharma secures US FDA tentative approval for Generic Ozempic with Apotex

11 Apr 2026 | 3:55 PM

Hyderabad, April 11 (UNI) Orbicular Pharmaceutical Technologies on Saturday announced that a generic version of Ozempic® (semaglutide injection), developed in partnership with Apotex, has received tentative approval from the U.S. Food and Drug Administration (FDA).

see more..

Himachal: Rs 87 lakh Budget approved for Kangra Civil Hospital

11 Apr 2026 | 12:39 AM

Dharamshala, April 10 (UNI) An approximately Rs 87 lakh budget for the financial year 2026–27 was approved at a meeting of the Patient Welfare Committee of the Civil Hospital Kangra on Friday under the chairmanship of SDM Kangra, Ishant Jaswal.

see more..

CAIT and Shriram Finance launch fintech portal to expand credit access for traders

11 Apr 2026 | 12:11 AM

New Delhi, Apr 10 (UNI) The Confederation of All India Traders (CAIT) has partnered with Shriram Finance Limited to launch a fintech portal aimed at improving access to credit for traders, MSMEs, startups, and women entrepreneurs.

see more..

Realme 16 5G presented in Pune

10 Apr 2026 | 9:17 PM

Pune, Apr 10 (UNI) Realme has presented its smartphone 16 5G version which features an AI-powered dual 50MP portrait camera system along with an industry-first rear selfie mirror, enabling users to capture high-quality rear camera selfies with ease.
On display at the SS mobile store in the city, the phone is equipped with a 7000mAh Titan Battery and 60W fast charger and the device ensures long-lasting usage with efficient power management. This smartphone also has features like LumaColor IMAGE, Vibe Master Mode,AI Edit Genie, and AI Instant Clip. a release stated on Friday.

see more..