Davos-Klosters: The World Economic Forum ,WEFannounced its plan to launch its first thematic center on healthcare and science of life in Telangana on Monday. According to WEF, in a collaborative effort with the state government, the center will be an autonomous, non-profit organization leading on policy and governance for healthcare and life sciences.
The collaboration agreement was signed by Jeremy Jurgens, Managing Director, World Economic Forum, and Shakthi Nagappan, CEO, Telangana Life Sciences FoundationGovernment of Telangana, at the World Economic Forum’s 53rd Annual Meeting.
Commenting on the agreement, Børge BrendePresident, WEF, said, “India has a unique opportunity to spearhead healthcare and life sciences in South Asia. C4IR Telangana—with the support of the Forum’s global network of Fourth Industrial Revolution centers—will be a key player in driving stakeholder engagement, building bridges between the public sector and SMEs, and supporting job creation in the healthcare sector.”
C4IR Telangana is the 18th center to join the WEF’s Fourth Industrial Revolution (4IR) Network and the second center in India. “C4IR Telangana plans to facilitate, advance, and accelerate the development and adoption of technologies in genomics, personalized medicine, and healthcare manufacturing, with a focus on the intersection of life sciences and technology in the region and globally,” a press statement from the WEF stated.
While highlighting the importance of partnership to leverage on the current ecosystem to further accelerate the value and impact created by Telangana’s life sciences sector globally, KT Rama Rao, Minister for Municipal Administration and Urban Development, Industries and Commerce, and Information Technology, Telangana, said , “I am delighted that the World Economic Forum has chosen Hyderabad as its India hub for establishing a Center for the Fourth Industrial Revolution focused on healthcare and life sciences today. I strongly believe the center is a testament to the strong life sciences prowess of Telangana and is yet another step by the government to elevate the life sciences ecosystem in Telangana and globally. Life sciences is one of the priority sectors in Telangana, and I firmly believe this.”
“With its strong track record in vaccine and medicine manufacturing and willingness to leverage Fourth Industrial Revolution technologies, India is becoming a global powerhouse in healthcare,” said Shyam Bishen, Head of Healthcare, WEF. “The center in Telangana will play an important role in transforming the regional, national, and global healthcare sector, and improving patient access and outcomes.”