Hyderabad: Telangana government is all geared up for the Genome Valley 2.0, with a focus on building both physical and social infrastructure. About 350 acres will be acquired for the second phase of expansion that will boost lifesciences research.
Telangana Industries principal secretary Jayesh Ranjan told Telangana Today, “We have prepared a master plan for Genome Valley 2.0. The State government is evaluating the modalities and infrastructure required for the project. Survey works are already over and land acquisition process will start soon. The land will be open for pharmaceutical and biotechnology research companies as well as consumer product companies such as GSK and others.”
He added, “If the existing biotech parks such as IKP Knowledge Park seek more land, we will also evaluate allotting land, as a part of the Genome Valley 2.0 expansion.”
Participation of private players is being sought in the creation of social infrastructure. There will also be focus on empowering small and medium enterprises.
Ranjan said, Genome Valley, which has completed 20 years of its existence this year, has today emerged as the largest lifesciences and biotechnology cluster in the country with more than 200 companies from 18 countries operating here, representing vaccines and other biotech segments. The cluster today hosts over 10,000 scientists.
Talking about the strength of the lifesciences startup ecosystem in the city, he said, today there are about 56 incubators in Hyderabad, of which 18 are in the lifesciences space. Hyderabad is also encouraging an ecosystem of collaborations among the stakeholders. Unlike other cities where organisations work in silos, efforts are constantly made by the State government to connect different stakeholders so that their synergies are used for a common goal.
Creating Research and Innovation Circle of Hyderabad (RICH) has been an effort in this direction that it today connects 50 stakeholders. It has identified half a dozen initiatives and priority areas including one on cancer, where lifesciences clusters such as IKP are significantly contributing.