Biopharma industry hails TS govt-enabled life sciences growth
Industry leaders who participated in the inaugural programme of BioAsia 2021 emphasised the role Telangana government is playing to support the industry to achieve scale
Hyderabad: Pharma and biotech companies in Hyderabad have continued their growth momentum and expanded their operations exponentially by investing in new product development as well as creating thousands of jobs year-on-year. Industry leaders who participated in the inaugural programme of BioAsia 2021 emphasised the role Telangana government is playing to support the industry to achieve scale.
Speaking on the occasion, Bharat Biotech CMD Dr Krishna M Ella said, “The entire Hyderabad ecosystem is contributing to the country’s and the world’s vaccine needs. Bharat Biotech, Indian Immunologicals, Biological E and Shantha Biotechnics have contributed significantly in the vaccines space. Hyderabad accounts for 65 per cent of the vaccine supply for domestic and overseas markets. The pandemic vaccines will also predominantly come from Hyderabad firms.”
“Other than Hyderabad, there can be no other cluster (in one city) with a capability to manufacture 65 per cent of the vaccines from the country. A lot of credit goes to the State government which has provided every support to the industry be it in terms of infrastructure or through industry-friendly policies,” he added.
Satish Reddy, chairman, Dr Reddy’s Laboratories, said, the life sciences advisory board created by the State aims to achieve revenues of $100 billion from Hyderabad ecosystem by 2030. There is abundant potential the State has in innovation, research and manufacturing.
Telangana can make further strides by enhancing public health infrastructure, which will accelerate clinical research. A lot of data can be generated that can help in future vaccine and drug development, noted Reddy.
MNCs operating in Hyderabad have seen rapid expansion in their operations. Novartis for instance has added 1,500 jobs in the last one year and grown its base in Hyderabad. The city also hosts the company’s largest data science and artificial intelligence talent pool. The company said the ecosystem is valuable as there is a vast talent, actively supported by the government.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
Related News
