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Qualcomm Signs Telangana s Largest SEZ Lease Agreement

Qualcomm Signs Telangana s Largest SEZ Lease Agreement May 25, 2021, 16:17 IST HYDERABAD: Qualcomm, a semiconductor and wireless technology company headquartered in the United States, is constructing a 1.6 million square feet -mega facility in Hyderabad. This will be Telangana s largest SEZ leasing contract and Qualcomm s largest facility in India. According to the Visakhapatnam Special Economic Zone (VSEZ), the Qualcomm facility, which will be housed on 17 floors at the Sustain Properties Pvt Ltd SEZ in Raidurg being built by the K Raheja Group will cost Rs 3,904 crore and create around 8,700 jobs over the next five years. At a recent meeting, the unit approval committee of VSEZ gave their approval to the project. VSEZ covers all SEZs in Telangana.

VSEZ fastracks approval for production of Remdesivir

VSEZ fastracks approval for production of Remdesivir Updated: Updated: ‘Formalities completed within hours of receiving application from Dr. Reddy’s Lab’ Share Article ‘Formalities completed within hours of receiving application from Dr. Reddy’s Lab’ The Visakhapatnam Special Economic Zone (VSEZ) on Friday granted approval for production of Remdesivir injections at a unit on its premises at Duvvada within hours of receiving applications from Dr. Reddy’s Lab in this regard. VSEZ Development Commissioner A. Rama Mohan Reddy said that all the formalities pertaining to the approval were completed on a war-footing, considering the increasing requirement of the life-saving drug in view of the rapid spread of infections during the second wave of coronavirus pandemic.

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