HYDERABAD: As many as 11 companies signed MoUs with the state government, committing to invest around 5,445 crore in Telangana on Tuesday, the first day of the BioAsia-2025 summit being held at the HICC. These investments will generate 9,800 jobs.
Chief Minister A Revanth Reddy, while inaugurating the summit along with IT and Industries Minister D Sridhar Babu, disclosed that the state government would soon unveil a new Life Sciences Policy, the first in India.
Revanth pointed out that pharma villages were being established between Outer Ring Road (ORR) and Regional Ring Road (RRR) to attract more investments in the sector, and said: “We hope to create over five lakh new jobs. The Green Pharma City, a key initiative under the Future City project, is progressing rapidly — some of the biggest pharmaceutical companies have signed MoUs.”
He presented the Genome Valley Excellence Award to Professor Patrick Tan from Singapore at the event.
The chief minister said that the event would help India emerge as an important player globally in shaping the future of healthcare.
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“Major pharma companies, healthcare players, life sciences and biotech companies operate from Hyderabad. Long ago, we had the vision to create a great research institution that created a culture of innovation and excellence,” he stated, recalling that the state government had invested in higher education, thus creating a vast talent pool of scientists, technologists, domain experts and engineers. This led to the creation of Genome Valley years ago, he stated.
Pointing out that Telangana is a landlocked state, the chief minister said that the government was developing a mega dry port and would connect it to a seaport in neighbouring Andhra Pradesh. These two ports will be connected by a dedicated rail and road link, he confirmed, adding: “We will develop Hyderabad and Telangana into one of the world’s best and largest ecosystems for Bio Sciences, Biotech and Life Sciences in innovation, research and development, manufacturing, skill development and investment.”
Stating that Hyderabad was the EV capital of India with the highest sales of EVs in the entire country, the chief minister said that the government was replacing 3,000 public transport buses with electric vehicles. “Outside the core urban area, I want to develop one of the world’s largest manufacturing hubs. I want to make it my offer to the world for its ‘China Plus One’ needs. We will connect ORR and RRR with several radial roads. These will help us create several manufacturing clusters for different verticals,” Revanth stated.
He continued: “I want to transform my state’s economy into a $1 trillion economy in the next 10 years. The core urban area will become a service-only city and aim for Net Zero. This is where we are creating Future City, AI City and many other big projects.”
Revanth stressed that his government was committed to providing a perfect ecosystem that includes policy, infrastructure and support. “In the last 25 years, Hyderabad has emerged as a powerhouse in pharma manufacturing, IT and Digital Health,” he stated, adding that Telangana was the No. 1 state in India in attracting investments, both domestic and foreign. “We have the lowest inflation and are creating maximum jobs,” the chief minister said.
He recalled that at the recently concluded WEF in Davos, Telangana secured investments worth 1.78 lakh crore that would create nearly 50,000 jobs across various sectors. Last year, the state successfully attracted investments worth Rs 40,000 crore in the Life Sciences sector, he added.
The chief minister and D Sridhar Babu met representatives of the government of Queensland in Australia on the sidelines of the summit. They discussed investment prospects and MoUs in industry, sports university, trade and other sectors.
The representatives from Queensland responded positively to enter agreements for investments in Telangana state. Queensland Governor Jeannette Young and Finance, Trade, Employment and Training Minister Ros Bates attended the meeting.
