US-based pharmaceutical giant Eli Lilly will invest $1 billion (over Rs 8,800 crore) in Telangana to expand its manufacturing base and strengthen its global medicine supply chain, the state government announced on Monday.

The investment was confirmed after a delegation from Eli Lilly met Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu at the Integrated Command Control Centre in Hyderabad.

According to an official release, “Telangana secured a massive investment of $1 billion by US pharma major Eli Lilly, which will expand its manufacturing and global medicine supply capacity in Hyderabad."

The expansion plan includes setting up a new manufacturing plant and a quality centre, which is expected to create significant employment opportunities for the state’s youth. The

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