This Article First Appeared In The Hindu On Feb 25, 2023
Curtains came down on the conference component of the 20th annual edition of BioAsia, Telangana government’s flagship event devoted to Life Sciences and Healthcare, on Saturday with Minister for Industries and IT K. T. Rama Rao reiterating the State government’s commitment to accelerate growth of the industry.
Stating this was the biggest BioAsia with participation of more than 2,000 delegates, 175 exhibitors and startups, 50 countries and over 2,000 B2B meetings, the Minister said there was no better location than India for the Life Sciences industry and among States there is none who can truly match up to the abilities that Telangana possesses.
Telangana’s Life Sciences ecosystem was valued at $80 billion last year and the State government has set up an ambitious target to triple this to $250 by 2030, something that is bound to help the entire industry in India. The road ahead for the Life Sciences industry is exciting considering the possibilities on how technology can be a force multiplier to innovate and help it scale, Mr. Rao said, pointing to how at the core of this is the talent pool available in the country.