Telangana

US pharma major Eli Lilly to invest USD 1 billion in Telangana

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

Hyderabad: US pharma major 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.

In August, the pharma company inaugurated the global capability centre in Hyderabad. The company will soon begin recruiting engineers, chemists, analytical scientists, quality control and assurance professionals, and management positions, the release said.

Speaking on the sidelines about transforming Telangana into a knowledge hub, the chief minister informed that a new advanced technology centre (ATC) is currently being set up at Hyderabad’s Genome Valley to ensure technical support for the companies. “Telangana means business. Hyderabad is a global city. Our government will support and welcome all industries looking to invest here,” he said.

This post was last modified on October 6, 2025 3:49 pm

Share
News Desk

NewsDesk is our dedicated team of multimedia journalists at Siasat.com, delivering round-the-clock coverage of breaking news and events worldwide. As your trusted news source, NewsDesk provides verified updates on politics, business, current affairs, and more. Stay informed with live blogs and comprehensive reports on key developments across India and around the globe.

Load more...