Govt. working on creating B-Hub for life sciences: KTR
The Hindu
State targets doubling industry size from $50 billion to $100 billion in 10 years
The State government is actively working on the setting up of Biosciences Hub (B-Hub) with essential focus on life sciences sector on the lines of the T-Hub as it has the potential to grow significantly in the coming days.
The development follows the government’s resolve to double the industry size from the existing $50 billion to 100 billion in the coming 10 years. The city is already in the forefront as the bulk drug capital of the country providing 33% of the vaccines consumed internationally, Industries and IT Minister K.T. Rama Rao said.
Discussions were held with major players like Kiran Mazumdar Shah of Biocon and she was convinced to make investments in life sciences segments in the State, he said while participating in a short discussion on “progress of industries and IT sectors in the State” in the Legislative Assembly on Monday.
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