Hyderabad: A New ‘Telangana Life Science Grid’ will be created by the State government to network the various stakeholders in the field of life sciences ranging from researchers in universities to industrialists from the biotechnology and pharmaceuticals sector. The grid will help in raising capital, ease in procuring government approvals and expanding businesses.
This was announced at the inaugural of the 16th edition of BioAsia conference on Monday by Jayesh Ranjan, Principal Secretary - Industries, Commerce and IT.
He said that the government was committed to create a 100 billion dollar pharmaceutical industry in Telangana in the next decade.
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“We will realise the commitment of making Telangana the leader in research and innovation in pharma industry with initiatives like Pharma City, Medical Device Park, B-Hub and Digi Medicine Hub which will enable us to become the world’s largest pharma cluster” said Ranjan, while speaking at the event.
Speaking on the occasion, Governor ESL Narasimhan, the chief guest of the event, urged the pharma giants and think tanks to work towards innovations that are cost effective.
“As you all come together to think disruptively, I urge you to focus on how to work on affordability, availability and accountability to the masses. The industry deals with lives of people and you must also stress on how health care can be ethical which is a critical need of the hour,” noted the governor.
