Pharma's Big Indian Land Deal

The Indian government has just opened the doors to a new slew of biotech and pharmaceutical companies with a program that offers them discounted land and limited taxation. The deal is just one in a slew of land offerings to biotech companies which are now growing so quickly that government agencies have yet to catch up and regulate their way through the biotech jungles that now ring major Indian cities. The Special Ecomomic Zones (SEZ) have become an engine for development in India and offer a "hassel free environment" for investement into high-tech and export industries. The land deal will account for hundreds of hectares of land allocated to seven different companies in Andhra Pradesh, Kerala and Karnataka. The deal could bring as many as 5000 jobs and funnel millions of dollars into the local economy.

(First published on Bodyhack)