India’s brightest minds have spent years solving problems for other countries, but the time has come to use their intelligence to address the needs of our own people, said Telangana Chief Minister A. Revanth Reddy. As part of this new approach, he announced that historical medical data would be made available to innovators and researchers, while maintaining the highest standards of data privacy.
Speaking at the Biodesign Innovation Summit held at AIG Hospital in Hyderabad on Sunday, Mr. Reddy said the State government would be an “end-to-end partner” in driving innovation. He declared that Hyderabad has risen from a manufacturing hub to a global centre of innovation in biotech, pharma and medical technology. Hyderabad has a unique synergy of academic institutions, skill development centres, industry partnerships and a highly capable workforce.
The Chief Minister praised AIG Hospitals chairman D. Nageshwar Reddy for pioneering the use of the BioDesign methodology in MedTech. BioDesign, he explained, not only creates medical devices but also validates them clinically and scales them through manufacturing, thereby solving India’s unmet healthcare needs. He also noted that the State was witnessing investments in diagnostic devices, imaging technologies, implants, surgical equipment and digital health solutions.
Mr. Reddy highlighted the importance of the Sultanpur Medical Devices Park, India’s largest dedicated facility for medical devices, where over 60 global and domestic companies are already operating with infrastructure for research, prototyping, testing and manufacturing.
Outlining the State’s economic vision, he said by 2034, Telangana will become a $1-trillion economy, and by 2047, a $3-trillion State. Commending startups, MSMEs and local companies for their contributions, he said the vibrant ecosystem makes Hyderabad one of the most unique and dynamic destinations for biotech and medtech innovations in the country.