HYDERABAD, India, Feb 24 (Reuters) - U.S. drugmaker
Amgen ( AMGN ) will invest about $200 million this year in its
new technology centre in southern India, with further
investments planned, Chief Executive Officer Robert Bradway said
at the inauguration of the site on Monday.
Amgen ( AMGN ) announced its plans to open a "technology and
innovation" site in India last year that is focused on
increasing the use of artificial intelligence and data science
to support development of new medicines.
The drugmaker is one of many pharmaceutical giants looking
to expand their presence in India, the so-called "pharmacy of
the world", and has emerged as a hub for global capability
centres in recent years.
"We have wanted for a long time to expand Amgen's ( AMGN ) presence
in India and that time has come. Amgen ( AMGN ) is investing an initial
$200 million in this centre in 2025 and plan to make additional
significant investments in future years," Bradway said.
The site in Hyderabad, capital of the state of Telangana, is
expected to have a workforce of about 2,000 by the end of the
year, with around 300 employees already working there, said Som
Chattopadhyay, national executive for India at Amgen ( AMGN ).
The city will also host the BioAsia conference this week,
where executives from global drugmakers including Amgen ( AMGN ), Eli
Lilly ( LLY ) and Novartis, as well as several Indian
pharmaceutical giants will be speaking.