Growth in Telangana will benefit the country's life sciences ecosystem, says KTR.

Telangana's ambitious goal of tripling the life sciences ecosystem from the current $80 billion to $250 billion ecosystem by 2030 was praised by the State's Minister of Industries, KT Rama Rao, who said the goal would benefit not only Telangana but the entire life sciences industry in the country.

He explained that India's large-scale opportunities in producing pharmaceuticals, medical equipment, and other life science products were a major factor.

According to the Minister, India can become a global talent powerhouse and first-world country by focusing on the "Three-I mantra" of innovation, infrastructure, and inclusive growth. He also encouraged young Indians to join the party and get to work on developing world-class products and innovations.

The Minister stated that this year's BioAsia, in its 20th iteration, was the most successful and largest in attendance and impact.

Over the last two days, over 50 countries were represented at the trade show, attracting over 2015 delegates, 175 exhibitors, and 50 startups. He said this was the largest BioAsia in terms of attendance, with over 2,000 B2B meetings taking place.

The theme of this year's BioAsia conference was "Advancing for One," I'm hoping that means we'll see more effective conservations and collaborations as a result.

The Vice Minister of the Lithuanian Ministry of Economy and Innovation, Karolis Zemaitis, has expressed how at home he feels in Telangana. For his part, Zemaitis affirmed his faith in Telangana's aspirations and Hyderabad's resolve to develop.

Katrin Kivi, the Estonian ambassador, remarked that she was thrilled to return to the "pharma capital of the world, not just India" for a third time.

Ashok Chandra Panda, minister of science and technology for Odisha, praised Industries Minister KT Rama Rao for his dedication to promoting Telangana and luring investment.

The Minister expressed satisfaction with Sanofi's decision to locate its new Global Medical Hub in Hyderabad earlier.

When I heard that Sanofi would be establishing its Global Medical Hub in Hyderabad, I couldn't help but be ecstatic. He continued, "With Sanofi's investment, Hyderabad now has four of the top 10 global pharmaceutical companies through their direct centers." He praised the city's "excellent business environment" and the government's focus on the life sciences sector.

According to Mathew Cherian, Sanofi International's Head of Group of Sites, the Global Medical Hub in Telangana will play a crucial role in the Company's plans for the future, which include expanding its current activities and evaluating the establishment of new ones, as far as 2025 and beyond are concerned.

He explained that the hub would help advance healthcare R&D by drawing on Sanofi's extensive experience in the field.

We are excited to put our money into Telangana because the state offers a world-class business environment that encourages the development of life sciences. The state provides innovative policies to attract businesses and individuals, and it has access to a pool of skilled workers. To that end, Cherian reaffirmed the company's dedication to investing in its people and infrastructure to provide patients everywhere with cutting-edge services and solutions.