The income of the Life Sciences sector in Telangana was worth around _______ in 2022.

Key Points

• The income of the Life Sciences sector in Telangana was valued at $50 billion in the year 2022, showcasing its significant contribution to the state's economy.
• Telangana has emerged as a major hub for the Life Sciences industry in India, with a focus on pharmaceuticals, biotechnology, and healthcare services.
• The state is home to Genome Valley, which is India's first and largest organized cluster for life sciences research and development, manufacturing, and commercialization.

Additional Information

• Genome Valley:
  • Genome Valley, located in Telangana, is a cluster dedicated to life sciences research and development.
  • It houses numerous pharmaceutical, biotechnology, and contract research organizations (CROs).
  • The cluster provides state-of-the-art infrastructure and facilities, making it a preferred destination for global and domestic life sciences companies.
• Pharmaceutical Industry in Telangana:
  • Telangana is known as the "Pharma Capital of India," producing over 35% of the country's pharmaceutical output.
  • It is a hub for the production of generic medicines and active pharmaceutical ingredients (APIs).
  • Several multinational pharmaceutical companies have set up operations in the state due to its favourable ecosystem.