Telangana to double life science ecosystem - 4 lakh jobs in 10 years
Written by : SMTV24x7 | Fri, Feb 23, 2018, 12:23 AM
Hyderabad, Feb 22: The Telangana government aims to double the valuation of life sciences ecosystem in the state to $100 billion in 10 years, state Industry Minister K. T. Rama Rao said on Thursday.
Inaugurating the 15th BioAsia Summit, he said the government would work the industry to leverage existing strength in life science industry to make it an economic growth engine, creating 4 lakh jobs in next 10 years.
The life sciences ecosystem in the state is currently valued at $50 billion with the presence of over 800 companies.
Rama Rao said Telangana has further strengthened its leadership position in life sciences innovation and manufacturing hubs, by contributing more than 35% to the national pharmaceutical production of the country.