Hyderabad among top 7 life sciences clusters globally
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He said the sector attracted investments worth Rs 54,000 crore since Dec 2023, resulting in the creation of 2 lakh new jobs in pharmaceutical manufacturing, medical technology, and vaccine production.
Pointing out that global giants such as Eli Lilly, Amgen, MSD, Zoetis, Evernorth, and Olympus have already chosen Hyderabad as their preferred GCC hub, he said Telangana will soon unveil its next-gen life sciences policy, which will be a "cutting-edge policy framework designed to attract large-scale investments."
Sridhar Babu also said the state set an ambitious target to scale up its life sciences economy to $250 billion by 2030, with an eye on making Telangana the life sciences capital of Asia.
The minister, who chaired the 6th board meeting of the Telangana Life Sciences Foundation in the city during the day, also proposed the preparation of a feasibility report for establishing the Telangana School of Life Sciences.
The foundation's board members include Dr Reddy's Laboratories Chairman Satish Reddy, Laurus Labs CEO Dr Satyanarayana Chava, special chief secretary Sanjay Kumar, and Telangana life sciences director Shakti Nagappan.
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