KT Rama Rao (KTR), Telangana's minister for IT and industry, formally unveiled the Genome Valley unit of Switzerland-based Ferring laboratories. For almost 50 years, the firm has been creating medicines for mothers and babies with an emphasis on reproductive medicine and maternal health. Minister KTR stated at the inaugural event that Genome Valley has positioned itself as a global powerhouse of life sciences. KTR stated that the Swiss pharma giant's plant was constructed with an investment of approximately 30 million Euros and would employ 110 people, and that he believes it will continue to grow.
