AP devises 5-yr policy to attract investments in Life Sciences

The state of Andhra Pradesh (AP) is witnessing dwindling number of investments and failure to attract the right scientific brains in the life sciences and medical devices sector.


As a result, many of AP's research base and renowned R&D centers go under-utilized for a long time.

To address this surge and bolster scientific advancements in the dynamic global village, AP became the first Indian state to unveil its exclusive 5 year life sciences sector policy for 2014-19, at the BioAsia 2014, in Hyderabad.

Through this policy, the state aims to hit $13.5 billion mark by 2019 in the area of biotechnology, medical devices, bioservices, pharmaceuticals and nutraceuticals.

According to BioAsia's press release, the policy will usher an investment of INR 20,000 crore, providing employment to 50,000 people with augmenting exports to INR 60,000 crore.


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