The inaugural day of the 3-day event, BioAsia 2016 (13th edition) held at Hyderabad, India, witnessed may strategic partnerships and investment announcements of over USD 100 million (Rs 700 crores).
The 13th edition of BioAsia with the theme Connecting the dots – Leveraging India to succeed globally, was inaugurated by Telangana Minister for Industries Mr Jupally Krishna Rao, in the presence of Mr. Susil Premajayantha, Minister of Science, Technology & Research, Srilanka, Mr. Nils Ragnar Kamsvåg, Ambassador Designate of the Kingdom of Norway and Dr. Magdalena Cruz Yabar, Minister Counsellor/Deputy Head of Mission Embassy of Spain.
BioAsia 2016 has seen participation of delegates from Healthcare, Biotech, Pharma, Life-Sciences, IT, Academia and Startups.
The Telangana Government at the event announced 13 land approvals for Biotech and Pharmaceutical companies.
The Industries Minister gave away the Genome Valley Excellence Awards 2016 to Nobel Laureate Prof. Ada Yonath, Weismann Institute, Israel.
Addressing after unveiling the 3D walk-through of the proposed Pharmacity, Mr. Jupally said, “The year not only marks the 13th edition of BioAsia but has also achieved a benchmark of excellence.”
Excerpts from the Press Conference with Mr. Jupally Krishna Rao, Minister for Industries Govt of Telangana:
> Close to 4000 acres of land already acquired for Pharmacity.
> Genome valley currently has 72 units and another 200 acres of expansion is ongoing.
> There is already a firm industry demand for close to 6000 acres at Pharmacity.
> Ferring Pharmaceuticals – world leaders in peptides have announced their investment in Telangana as their first base in India. They have applied for 10 acres of land in Genome Valley for their R&D center. They further plan to invest in phases to establish their commercial and manufacturing units in Hyderabad. The first phase of investment will be $250mn.
Over the next three days, BioAsia will feature interactive sessions, award ceremonies, networking dinners, Indo-Norwegian power breakfast meeting and many parallel tracks on various current industry topics. He expressed hope that the interactions will result into many more partnerships and fruitful industry collaborations this year.