TS to attract more global giants in life sciences
Hyderabad: Telangana is considering to expand its occupancy mix by attracting some of the leading international players to fuel the State’s industrial growth to realise its vision. The State is primarily evaluating three models for creating-global centres for off-shore activities, pre-eminent manufacturing hub and become high-end technology haven.
For instance, Novartis has one of its five global service operations centres in Hyderabad, the other four being in Kuala Lumpur, Prague, Dublin and Mexico. Hyderabad was chosen as a destination from an initial list of 23 cities. As such, Telangana could pitch to leading players to have their global off-shoring centres in the State.
Mylan entered India in 2007 with the acquisition of Hyderabad-based Matrix laboratories. The international company has a total workforce of 30,000, almost half of whom are based out of India. Similarly, intensive global manufacturing players could be pitched to, citing the extensive ecosystem that renders Hyderabad the perfect city to have a production footprint in India.
Global technology behemoths have been rapidly investing in the life sciences space. To establish Telangana’s life sciences cluster as one the most exciting innovation hubs in Asia, the State could attract research teams from various prestigious technology giants to have presence in the cluster.
Hyderabad already boasts the presence of offices of Google, Amazon, Microsoft, Apple, Oracle and more. The State will also attract innovations in AI, digital imaging, 3D printing, tele-health, cybersecurity and data-aided clinical research.
To attract investments from Indian and foreign entities, the State government wants to consider further strengthening investment promotion agency.
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