Hyderabad, Oct. 6 -- American pharmaceutical company Eli Lilly is set to invest USD 1 billion in Telangana to expand its manufacturing and global medicine supply capacity, the government said on Monday, October 6.

The announcement was made after the company's global delegation met chief minister A Revanth Reddy and IT minister D Sridhar Babu at the Integrated Command Control Centre on Monday, October 6.

"Telangana secured a massive investment of USD 1 bn by US Pharma major Eli Lilly, which will expand its manufacturing and global medicine supply capacity in Hyderabad," an official release said.

A new manufacturing plant and quality centre would be set up, creating job opportunities for Telangana's youth.

The company will soon begin re...