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The Anantpur district of Andhra Pradesh has been seeing developments in recent times. A Special Economic Zone, once approved, creates positive interest in a region. These zones play a big role by bringing industries, trade, employment, and other infrastructural developments and thereby enhance the value of a place.
The Indian biotech sector is expected to touch $100 billion by 2015. Till the year 2008, the industry hired about 10,000 people annually. Looking at the potential of the biotechnology industry, the Government of India will soon set up a national biotechnology regulatory authority in partnership with the biotechnology industry. The country currently has 330 firms present in the sectors such as bio-pharmaceuticals, bio-agriculture, bio-informatics, bio-services and bioindustries. The science and technology department is setting up eight institutions across the country to promote innovation in biotechnology.
In light of the importance of a sez as well as the biotechnology sector, a Biotech sez by Real Griha Nirman Pvt Ltd has been formally approved. Located in Hindupur in the Anantpur district, the sez is spread over 28.34 hectares (over 70 Acres). The aim of the Andhra Pradesh government is to attract Bengaluru-based biotech companies to this sez.
As Hindupur already has the multi product multi services Rassai sez, the presence of this new biotech sez makes Hindupur even more attractive. Seeing the potential that the biotech sector has, the Real Griha Nirman biotech sez will attract companies wanting to set up business. This will create employment opportunities. A chain of other developments will soon follow.
Hindupur, the industrial growth centre, is located 30 kms from Expat’s property, Rashmika, which is in Sutapattna Palli Village in Penukonda Taluka. As a growth centre, the developments that take place in Hindupur will enhance its value. This value will spread to the places located near it, Sutapattna Palli Village being one of them.
The advances in the Indian biotechnology sector and the bright growth potential that it holds will translate into businesses being set up in the sez. Approved special economic zones as they are set up keep attracting the commercial and residential segments. It will not be long for appreciation to be seen in Rashmika.
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