Hyderabad: Telangana Minister for IT and Industries KT Rama Rao on Monday said that India is in need of conducive regulatory framework in the life sciences sector. He also said that revolutionary reforms were needed to strengthen the sector in the country to compete with the world.

Speaking at a panel discussion on Telangana Life Sciences Industry’s Vision for 2030 at WEF in Davos, Rama Rao said emphasized that Telangana is known as the vaccine capital of the world and Life Sciences capital of the country. Hyderabad Pharma City spread across 19,000 acres will be the world’s largest Pharma cluster, he said.

The Government of Telangana has created synergy between academia and industry which helps in finding solutions to various issues. An innovation in the life sciences sector is the need of the hour. The sector is fast growing in the digital drug discovery space and there is a need for the IT and Pharma sectors to come together and work, Minister said.