Minister for IT and Commerce and Industry, KT Rama Rao stated that Telangana has consistently been ranked number one in Ease of Doing Business index within India and is the ideal investment destination for medical technology firms. He was interacting with industry leaders from Pharma, Medical Technology companies on the sidelines of Medical Technology Conference – AdvaMed 2016 in Minneapolis, Minnesota, US.
The state government delegation, on the final leg of the business trip to the US, is attending the prestigious international conference – AdvaMed 2016 – to promote the State on the global stage and attract investments.
Minister spoke at length about Telangana’s widely acclaimed industrial policy – TSiPASS. Calling the Policy the most progressive and industry-friendly in India for it promises time-bound and single-window clearances, self-certifications, he detailed on the unmatched advantages Telangana offers in the fields of Healthcare, Pharma and Medical Technology devices. Hon’ble Minister drew the attention of the industry leaders, about a hundred in number, to the measures Telangana Government is taking to further strengthen the USD 50 bn extant life sciences industry in Hyderabad. Rama Rao mentioned the state-of-the-art Pharma City and Medical Devices Park that the Telangana is setting up near Hyderabad.
The Minister quoted major surveys that gave Hyderabad top rankings under various segments. He also stated that Hyderabad boasts of the best healthcare infrastructure in India and is a favourite destination for medical tourism.
On the sidelines of AdvaMed 2016 Conference, Minister Sri KT Rama Rao met Mr Gary Pruden, Worldwide Chairman, Medical Devices, Johnson & Johnson and held discussions on topics ranging from manufacturing, intellectual property rights to regulatory issues.