The Telangana Government today said it has signed a MoU with Singapore-based Surbana Jurong for preparing a roadmap for Genome Valley 2.0, an upgraded version of life sciences and biotechnology industrial cluster near here.
The Genome Valley cluster has emerged as the largest life sciences destination in Asia, being home to over 200 companies employing 10,000 people, a release said.
The Genome Valley is already home to multinationals such as Novartis, GlaxoSmithKline, Mylan, DuPont, US Pharmacopeia among others and has recently witnessed major investments from new as well as existing companies.
Genome Valley 2.0 is a vision to upgrade the cluster into a world-class knowledge led integrated corridor in a self-sufficient life sciences ecosystem.
The cluster, currently an industrial hub, is being envisioned to transform into an industry-led knowledge-based ecosystem to become a driver for local economic development, it added.