07 March 2018 | News
The government has identified life sciences as a thrust area and is giving priority to research and innovation in pharma sector
Industries and IT Minister K.T. Rama Rao said that the government has identified life sciences as a thrust area and is giving priority to research and innovation in pharma sector. It is working towards strengthening the life sciences ecosystem and exploring opportunities in the fields of digital medicine and artificial intelligence.
According to Mr. Rao, Telangana is evolving in life sciences sector and state has huge scope for further industrial growth. The State government was keen on attracting new investments as well according gives priority to existing industries. There are also plans to set up an investment promotion body which will closely work with investors.
Genome Valley, Hyderabad Pharma City and Medical Devices Park would make Hyderabad a unique destination for global life sciences industry. Mr. Rao said that an incubator similar to T-Hub is to be established at Genome Valley.