IT and Industries Minister K.T. Rama Rao today launched a web portal for life sciences sector, aimed at creating an interface between Government, Industries, Research Institutions and Start-ups.
Telangana, which has emerged as the ‘Pharma capital of India’, has set out an ambitious vision for the sector, through leveraging its existing strengths, to create 4,00,000 jobs with an investment of USD 100 Billion in next 10 years.
As a step towards achieving this vision, State Government has embarked on a mission to profile life sciences companies, institutions and start-ups to deepen the current understanding on the baseline of resources, capabilities, etc. in the State. This will aid in State Government’s vision to make policies specific to current Industrial base.
The initiative is also expected to break the silos and enhance interaction between various sector stakeholders, through more industry-academia partnerships, increased awareness of services being offered by companies and access to infrastructure facilities.
Focus will be on stakeholders involved in areas like Pharmaceuticals, Biotechnology, Medical Devices, Health Tech and allied areas, including R&D, manufacturing and allied services.
On the occasion of the launch of the portal, Minister K.T. Rama Rao said, “Hyderabad is known for its vibrant pharma and life sciences ecosystem. This initiative by the State Government reflects our commitment towards positioning Hyderabad and Telangana as a major hub in Life sciences in Asia.
I believe this effort will help in mapping competencies and in bringing out tailormade policy more relevant to its stakeholders; undertake skilling initiatives based on the demand of skilled workforce and aligning support from the State Government; to help industries to find investor / business partners; and most importantly, create a network for sharing information on various initiatives of the Government. I would strongly encourage companies, institutions, incubators and start-ups to partner in this Government of Telangana’s initiative and benefit from this effort”.
Principal Secretary (ITE&C), Shri Jayesh Ranjan said –
We believe our companies will benefit enormously from such opportunities to grow their engagement avenues and attract potential investors, thereby increasing employment. Recent partnerships/acquisitions like Gland Pharma & China-based Fosun Pharma at USD 1.2 billion, and TPG’s investment of about Rs. 900 Crores in Sai Life Sciences, etc. stand testimony to the global interest in the State’s Life Sciences sector.
With a better understanding of our life sciences ecosystem, we would undertake more strategic initiatives to help the companies, start-ups, incubators and institutions present in the State”.
