Industries and IT Minister D.Sridhar Babu chairing the board meeting of Telangana Life Sciences Foundation in Hyderabad on Wednesday.
| Photo Credit: Arrangement
Industries and IT Minister D.Sridhar Babu on Wednesday said the next-gen Life Sciences policy that the Telangana government plans to soon unveil will be instrumental in attracting large scale investments.
It will be a cutting-edge framework designed to attract large scale investments,” he said, adding that the State is pursuing an ambitious target to scale up its life sciences economy to $250 billion by 2030 and make Telangana the life sciences capital of Asia.
The State’s life sciences ecosystem is valued at $80 billion and it is the only region in the world to host more than 250 U.S. Food and Drug Administration (USFDA)-approved sites. Telangana is home to over 2,000 companies operating in the Life Sciences domain, Mr.Sridhar Babu said, chairing the 6th board meeting of Telangana Life Sciences Foundation here.
₹54,000 cr. investment
The life sciences sector in Telangana has witnessed remarkable growth under the leadership of Chief Minister A.Revanth Reddy. Since December 2023, the State has attracted investments worth ₹54,000 crore in the sector, in the process positioning Hyderabad as a global leader in life sciences. The investments have been across pharmaceuticals, biotechnology, cell and gene therapy, medical devices, vaccines and digital health.
Hyderabad now ranks among the world’s top seven life sciences clusters and it is the only Indian city to achieve this distinction. Global giants such as Eli Lilly, Amgen, MSD, Zoetis, Evernorth and Olympus have chosen Hyderabad as their preferred hub, he said. The progress made in the last year reflects our strategic commitment to creating a future-ready, knowledge-driven ecosystem.
Two lakh jobs
Robust policy support, industry-friendly infrastructure and strategic partnerships are factors behind attracting the investments that will result in potential employment generation of more than 2 lakh jobs by companies in areas such as sterile injectables, biosimilars, biologics, AI/ML and advanced healthcare services.
The Minister also proposed preparing a feasibility report for establishing the Telangana School of Life Sciences.
Board members of the foundation, including Dr. Reddy’s Laboratories chairman Satish Reddy, Laurus Labs CEO Satyanarayana Chava, Special Chief Secretary Sanjay Kumar, Telangana Industrial Infrastructure Corporation vice-chairman and managing director K.Shashanka and Telangana Lifesciences CEO Shakthi M. Nagappan participated in the meeting, the Minister’s office said in a release.
Published – August 21, 2025 12:14 am IST
