Hyderabad: Pharma hub Hyderabad’s life sciences sector currently has a revenue base of $50 billion, which will be doubled by 2030. Projects such as Hyderabad Pharma City and Genome Valley 2.0 and Medical Devices Park are going to attract investments in the future. Medtronics has recently announced a major investment in the city while Sahajanand Medical Technologies is going to set up Asia’s largest stent manufacturing facility.
Speaking at an interactive meeting on ‘Transforming Hyderabad into a global city’ here on Thursday, Telangana Industries Minister KT Rama Rao said, “Hyderabad today accounts for 35 per cent of the country’s bulk drugs production. We are also a major vaccine supplier. We will double revenues as well as generate jobs.”
Opportunities in tourism
The tourism sector is a job multiplier and enabler of economic growth. Telangana certainly has opportunities in adventure tourism, wildlife, and religious tourism. The State can even explore bringing seaplanes and there are opportunities in water sports as well. The biggest names in tourism will be attracted.
Women empowerment
Responding to a query on the measures taken by the government on empowering women economically, KTR said, Telangana government has created WE Hub to incubate startups led by women entrepreneurs, dedicated industrial parks for women entrepreneurs. For safety, SHE teams have been created which have played a key role all these years. For women’s safety, drone policing will also be explored.
Music & culture
There are plans to create a culture and theatre district and works could be explored at an opportune time in Ibrahimbad near Taramati Baradari.
Community healthcare
KTR said that the government is expanding its Basti Dawakhana initiative with a comprehensive approach. So far, 224 centers are opened and this will go up to 1,000 soon. The idea is to have a Dawakhana within the reach of every 10,000 people.
