Hyderabad is seeing significant growth in its Life Sciences sector, according to State IT and Industries Minister Duddilla Sridhar Babu. Since December 2023, the sector has drawn investments of Rs 54,000 crore, making the city a global leader.
The Minister, who chairs the Telangana Life Sciences Foundation, led its 6th Board Meeting in Hyderabad. Key figures like Dr. Reddy’s Laboratories Chairman Satish Reddy, Laurus Labs ED & CEO Dr. Satyanarayana Chava, Special Chief Secretary Sanjay Kumar, and Shakti Nagappan attended.
The sector has created over 2 lakh new jobs in areas like pharmaceutical manufacturing, medical technology, and vaccine production. Hyderabad now ranks among the world’s top seven life sciences clusters, the only Indian city to do so. Major companies such as Lilly, Amgen, MSD, Zoetis, Evernorth, and Olympus have established hubs in Hyderabad.
Telangana plans to launch a new policy to further boost investments, aiming to grow its Life Sciences economy to USD 250 billion by 2030. The state seeks to become Asia’s Life Sciences Capital. Plans for a Telangana School of Life Sciences are also in the works.
