The IT and Industries minister Mr KT Rama Rao has said the newly formed Telangana state has attracted Rs. 4 lakh crore investments in Life Sciences during the last nine years. On average, the growth rate of the sector is 23 per cent and it is more than the national average. During the same period, Telangana provided 25 lakh jobs in the sector.
The minister was addressing the gathering at the foundation laying ceremony of Syngene R&D Centre at Shameerpet. He said the the Genome Valley in Hyderabad has emerged as Asia’s biggest hub housing over 200 companies functioning there. The minister favoured a life sciences corridor between Hyderabad and Bengaluru for further growth of the sector and the creation of more jobs.
The Minister said the target was to make Telangana a state with 250 billion-dollar investment by 2030. He listed out the efforts being made by the state government to attract global investments by rolling out a hassle-free permit system and improvement of infrastructure in the state.
By Gollapudi Srinivasa Rao