Over Rs.50,000 crore investments secured in just 18 months in life sciences sector, says Sridhar Babu
Industries Minister Sridhar Babu said Telangana was projected to export life sciences products worth Rs. 66,000 crore in 2024–25 financial years.
Hyderabad: Industries Minister D Sridhar Babu said in just 18 months Telangana had secured Rs.50,000 crore and created over 60,000 jobs in the life sciences sector.
Speaking at the 2nd edition of the ET Pharma Tech Innovation Conclave inauguration ceremony here on Friday, the Minister said Telangana was projected to export life sciences products worth Rs. 66,000 crore in 2024–25 financial years.
Hyderabad has earned global recognition as the “Vaccine Capital of the World,” by supplying one-third of the world’s vaccines. From India’s largest Medical Devices Park, “Made in Telangana” stents and catheters are now being exported to 89 countries, including the US and Japan, he said.
“Our government is committed to creating employment for five lakh individuals in rural and semi-urban regions through the life sciences sector. To achieve this, we are implementing a long-term investment strategy worth Rs. 1 lakh crore,” Sridhar Babu said.
The Minister further said plans were underway to establish pharma villages in Vikarabad, Nalgonda, and Medak districts after extensive consultations with all the stakeholders.
“We are in the final stages of launching a dedicated Telangana Comprehensive Life Sciences Policy to enhance the global visibility of the Telangana brand in this sector,” he said.
Telangana has already initiated AI-based pilot screening programmes for oral, breast, and cervical cancers in three districts. Encouraged by the positive outcomes, preparations were underway to extend this initiative across all government hospitals and medical colleges in the State, he added.
