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Telangana aims for Rs 1 lakh cr investment in life sciences by 2030: Minister Sridhar Babu
Capital Information
|Oct 24 Issue
Telangana IT and Industries Minister Duddilla Sridhar Babu announced that the state government has set an ambitious target to attract new investments worth Rs 1 lakh crore in the life sciences sector by 2030, creating employment for five lakh people.
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Delivering the keynote address at the "ASBiotech International Conference 2025" jointly organized by "AusBiotech” and the Victoria State Government in Melbourne on Thursday, Sridhar Babu highlighted the rapid growth of Telangana's life sciences ecosystem and outlined a roadmap to transform the state into a global hub for innovation and biomanufacturing.
He said that despite being 11th in geographical size and 12th in population, Telangana contributes more than 5 per cent to India's GDP.
"The state's GSDP growth rate for 2024-25 stands at 8.2 percent, compared to the national average of 7.6 percent," he noted.
This story is from the Oct 24 Issue edition of Capital Information.
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