Hyderabad, March 15 -- 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 ste...