National

ETV Bharat / state

Telangana: A Bio hub being set up with a budget of Rs 60 crores

The Telangana state govt has proposed a Central ‘B’ (Biopharma) Hub for development of StartUps dealing with Bio-Pharmacy, and to promote initiatives for research in biology, pharmaceutical products, innovation and manufacturing. Planned to be spread over an area of 2.7 acres, the project is expected to cost about Rs 60 crore.

Biopharma
Biopharma

By

Published : Oct 6, 2020, 4:11 AM IST

Hyderabad:A Central ‘B’ (Biopharma) Hub is proposed to be set up soon which is going to be a new hub for the development of StartUps dealing with Bio-Pharmacy, and to promote initiatives for research in biology, pharmaceutical products, innovation and manufacturing in the country, similar to that of the ‘T’-Hub and ‘WE’ Hubs set up to promote IT start-ups and Women Entrepreneurs in the state.

The state government has decided to set it up in collaboration with the Central Biotechnology department, in public and private partnership. This is the first time in the country that a specialized centre is being set up for StartUps in the field of biomedicine. This Centre is being planned to be spread over an area of 2.7 acres between the villages, Kolthur and Lalgadimalakpet in Genome Valley of the Shamirpet Mandal of Rangareddy district at a cost of Rs 60.37 crores.

The government has invited bids from leading companies on the strategy of BOT where the companies shall design, Build (B), Operate (O) and Transfer (T) basis.

The Indian BioMed Market to reach a high of Rs.7.5 lakh Crore by 2025 ...

India is now a leading country in the field of biomedicine. It accounts for 62 % of the world's vaccines and 20% of its pharmaceuticals products. The value of the Indian pharmaceutical market is expected to increase from the current Rs 4 lakh crore to Rs.7.5 lakh crore by the end of 2025. Seven Indian companies are involved in the development of vaccines aimed at eradicating the corona epidemic. The state capital Hyderabad is the pharmaceutical capital. With 800 pharmaceutical industries, Telangana is the largest producer of drugs in the country. About 40 percent of drugs in India are manufactured here. The state of Telangana is all set to come up with the largest bio-medical centre spread about 19 thousand acres in Hyderabad, under the name ‘AushadhaNagari’.

Also read:India presents 3,000 vials of Remdesivir to Myanmar as mark of commitment

The Hubbub of Startups

Innovations in the field of biopharmaceuticals are on the rise. A large number of start-ups and new companies are surfacing. The state government has decided to encourage such budding industries and also them become sustainable. At the BioAsia Conference held in February this year, Minister for Industries, Government of Telangana, KTR announced that the government shall build ‘B’ Hub exclusively for the start-up industries. To this end, the Telangana government has prepared proposals. At the request of the state government, the Central Department of Biotechnology has stepped in to join as a partner. The ‘B’ Hub centre will house research and laboratories as well as incubation centres. It is used as a platform for innovation. It is operated by a Special Purpose Vehicle (SPV) under the auspices of the State Industrial Infrastructure Corporation (TSIIC) under the name – ‘Biotech Hub Limited’.

Built as the first research and development centre in the country, the Genome Valley is now renowned globally. More than 150 national and international organizations are doing research and building/manufacturing products in it. Expanding the valley, the government is setting up a second phase on an additional 247 acres in the state.

The Building Structure ...

TSIIC designed the second phase of the Genome Valley. The first stage includes the construction of building over an area of 40 thousand square feet. Of this, an area of 25,000 square feet will be allocated to laboratories and research centres. An area of 10,000 square feet is dedicated to the products of around 200 start-up companies. And another 5,000 square feet is allocated for common facilities.

ABOUT THE AUTHOR

...view details