NAVEENA GHANATE
Hyderabad
The bulk of new employment in Telangana came from the pharmaceutical sector. About 36.9% of the new jobs in 2021-22 and 15.1% in 2022-23 (up to Jan 2023) came from the pharmaceutical sector.
In 2022-23, 11,019 jobs were created till January 2023 in the pharmaceuticals and chemicals sector. KTR said on Monday that the strength of life sciences and the Genome Valley is growing with every passing day.
The Telangana government said that the new jobs reflect the success of the government in attracting new investment through the Medical Devices Park, Sultanpur, in Sangareddy district and the Pharma City in Hyderabad.
Hyderabad Pharma City is proposed to be the world’s first and largest integrated pharmaceutical cluster spread across 14,029.36 acres with a potential investment of Rs 64,000 crore and employment potential of 4.20 lakhs.
The project is of national significance and the Department for the Promotion of Industry and Internal Trade (DPIIT) has accorded NIMZ status and environmental clearance was obtained from the Union Ministry of Environment, Forests and Climate Change (MoEF & CC).
The government established the Medical Devices Park on 250 acres in Sultanpur Village, Patancheru Mandal, Sangareddy District and it is deemed to be the largest one in the country.
So far allotments were made to 50 companies for setting up their manufacturing facilities with a proposed investment of about Rs 839 crore and employment potential of 5,465, KTR said.
Pharmaceuticals and organic chemicals constitute either more than or close to 60% of total exports in any year.
Pharmaceuticals comprise the largest commodity export of the state, averaging over 30% of the total merchandise exports from 2015-16 (Rs 21,562 crore in 2020-21). Nearly one-third of India’s pharmaceutical production is made in Telangana and it contributes to one-fifth of the country’s exports.
As per the socio-economic outlook, during 2021-22, merchandise goods worth Rs 81,971 crore were exported by the state. Pharmaceutical goods and organic chemicals constituted 57.31% of the goods exported.
The US was the largest importer of goods from Telangana, importing over 28.13% of all exports by value.
Employment generated in the Pharmaceuticals and Chemical Sector through TS-Ipass.
2022-23 11,019
(Jan 2023)
2021-22 37,403
2020-21 14,215
2019-20 9,794
2018-19 13,008
2017-18 13,105
2016-17 7,864
2015-16 18,881