Telangana government aims to double valuation of life sciences sector to $100 billion in 10 years
Telangana Industry Minister K. T. Rama Rao said that the Telangana government aims to double the valuation of its life sciences ecosystem to $100 billion in 10 years.
K. T. R made this announcement after he inaugurated the 15th BioAsia Summit. He said that 4 lakh jobs will be created in the life sciences industry in the next 10 years.
The current value of life sciences ecosystem in Telangana is $50 billion. It has more than 800 companies.
Telangana contributes more than 35% to the national pharmaceutical production of India. Telangana is also considered the vaccine hub of India and the world. It produces nearly 33 % of global vaccines dosages.
The Genome Valley cluster is to be expanded.Genome Valley 2.0 will be initiated soon. Also, an incubator focused on vaccine development has been planned in Genome Valley to develop at least one vaccine every year in Telangana.
Telangana Capital: Hyderabad
Chief minister-K. Chandrashekar Rao
Governor-E. S. L. Narasimhan
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