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Hyd to host World Economic Forum Centre

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PNS | Hyderabad

A Centre for the Fourth Industrial Revolution (C4IR Telangana), which will be the only centre in India focused on healthcare and life sciences, will be established in Hyderabad.
The announcement was made after Telangana government and the World Economic Forum signed a collaboration agreement during the Forum’s Annual Meeting in Davos on Monday. The Centre will be an autonomous, non-profit organization, handling policy and governance for healthcare and life sciences.

The collaboration agreement was signed by Jeremy Jurgens, the Managing Director of the World Economic Forum, and Shakthi Nagappan, CEO, Telangana Life Sciences Foundation, in the presence of Minister for Industries and Commerce KT Rama Rao and the President of the World Economic Forum Børge Brende. Jayesh Ranjan, IAS Principal Secretary and Shyam Bishen, the Head of Healthcare at the World Economic Forum were also present.

“I am delighted that the World Economic Forum has chosen Hyderabad as its India hub for establishing a Centre for the Fourth Industrial Revolution focused on healthcare and life sciences today. I strongly believe that the Centre 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 that this partnership can leverage on the current ecosystem to accelerate the value and impact created by Telangana’s life sciences sector globally,” said Minister KT Rama Rao.

“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 centres and the backing of the state and central governments in India 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,” said Børge Brende, President of the World Economic Forum.

“With its strong track record in vaccine and medicines manufacturing and willingness to leverage Fourth Industrial Revolution technologies, India is becoming a global powerhouse in healthcare,” said Dr Shyam Bishen, Head of Healthcare, World Economic Forum.

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