Telangana Emerged Global Epicentre For Innovation-Led Life Sciences: Sridhar Babu
Telangana life sciences ecosystem is valued at over $ 80 billion and it is the only region in the world to host more than 250 US FDA approved sites.
Hyderabad:Telangana has reaffirmed its global leadership in life sciences, with investments surpassing ₹54,000 crore in the past year alone. The city is now ranked among the top seven life sciences clusters globally. It is also the only Indian city in the list. Telangana life sciences ecosystem is valued at over $ 80 billion and it is the only region in the world to host more than 250 US FDA approved sites.
Reviewing the performance of the life sciences sector, IT and industries minister D. Sridhar Babu, said Telangana has emerged as a global epicentre for innovation-led life sciences and is now home to over 2,000 life sciences companies.
“The progress made in the last year reflects our commitment to creating a future-ready, knowledge-driven ecosystem. Hyderabad’s emergence as one of the top seven global life sciences clusters is a direct outcome of Telangana’s progressive policies, robust infrastructure, and talent-rich ecosystem,” he said.
Backed by robust policy support, industry-friendly infrastructure, and strategic partnerships, the state has attracted over ₹54,000 crore in cumulative investments across pharmaceuticals, biotechnology, cell and gene therapy, medical devices, vaccines, and digital health since formation of the new Government, he said.
These investments will result in potential employment generation of more than two lakh jobs by global and Indian enterprises in areas such as sterile injectables, biosimilars, biologics, AI/ML and advanced healthcare services, he said.
He also reviewed the plans for upgradation of Genome Valley and medtech park, the draft of the upcoming Telangana Life Sciences Policy. He directed the officials to ensure that the proposed life sciences university be developed as Telangana School of Life Sciences. It will foster research, innovation, and talent development and strengthen Telangana’s position as a global leader in life sciences.
The city has over 20 life sciences and Medtech Incubators. Hyderabad offers talent for research, manufacturing and innovation in addition to infrastructure.
“Hyderabad is home to eight of the top ten big pharma companies and we are on the way to making it 10,” said Shakthi Nagappan, CEO, Telangana Lifesciences.