Hyderabad, March 6 -- Lonza AG, a Switzerland-based manufacturing and contract developmentfirm, on Thursday, March 5, announced it would set up a Global Capability Centre (GCC) in Hyderabad.

The announcement came after a delegation of the company met Telangana IT Minister D Sridhar Babu in the city. The new GCC is likely to contribute to the generation of high-value employment and further integrate Hyderabad into the global biopharmaceutical value system.

According to reports, Lonza has been in touch with the Telangana IT and industries department for the past few months.

Following the meeting, Sridhar Babu said, "We are thrilled to welcome Lonza's decision to establish its new centre inHyderabad. The city continues to stand out as the...