Current Affairs - State - Discussion

Telangana Industry Minister K. T. Rama Rao said that, the Telangana government aims to double the valuation of its life sciences ecosystem to $100 billion in 10 years. K. T. Rama Rao made this announcement after he inaugurated the 15th BioAsia Summit. He said that 4 lakh jobs will be created in the life sciences industry in the next 10 years. Current value of life sciences ecosystem in Telangana is $50 billion. It has more than 800 companies. K. T. Rama Rao also said that, Telangana contributes more than 35% to the national pharmaceutical production of India. Telangana is also considered the vaccine hub of India and the world. It produces nearly 33 % of global vaccines dosages.