Hyderabad: Hyderabad’s position as the life science capital of the country and the world is only strengthened with each passing day. While the city and the state’s contribution to vaccines and pharmaceuticals is unmatched, the city also appears as the medical equipment capital of India, said Telangana Industries Minister KT Rama Rao.
According to the Minister of Medtronic’s largest R&D facility (MEIC) outside the US in Hyderabad, the minister said that the state that commissioned the country’s largest medical equipment park in Sultanpur (near Hyderabad) in 2017, more than Attracted 40 companies setting up units. .
In August 2020, the company announced an investment of $ 160 million (Rs 1,200 million) with more than 1,000 jobs in the next five years. The minister said Medtronic had joined the exhibition list of companies that made Hyderabad their second largest home outside their headquarters, which includes Amazon, Google, Facebook, Microsoft, Apple, Uber, Salesforce and Novartis.
Joel Reifman, US Consul General Hyderabad, said at the event: ‘Hyderabad has become the best choice for IT, life sciences, aerospace and defense sectors with a strong pool of talent, vibrant scientific and technological ecosystem, leading research institutes, availability of laboratory space and supportive government policy. The state’s initiatives will help accelerate the growth of these critical sectors. ”
KTR’s leadership support for life sciences that help the country: government official
The government of Telangana and Minister of Industry, KT Rama Rao, received appreciation from a Central Government official for enabling industry-friendly policies and ecosystems in the state.
S Aparna, secretary of the Department of Pharmaceutical Products, Ministry of Chemicals and Fertilizers, said: “KT Rama Rao, Minister of Telangana Industries, has kept healthcare at the core. He has shown his leadership in supporting the state government for medical devices and technology and pharmaceutical products. sectors, which contribute to the country’s goal of enabling affordable, accessible and quality healthcare for every Indian. ”
It further helps to leverage India’s position as the pharmacy of the world and expand the world supply, including medical devices, she added.
Source: Telangana Today