Telangana Lifesciences Advisory Committee Reconstituted

Hon’ble Minister Shri. KT Rama Rao on 5th August 2020chaired the first meeting of the reconstituted Lifesciences advisory committee. Government has reconstituted the lifesciences advisory committee with members of industry and academia with a term of two years. Mr. Satish Reddy, Chairman, Dr. Reddy’s Laboratories will be the Chairman, Ms. Mahima Datla, Managing Director of Biological E will serve as Vice-Chairman and Director Life Sciences Government of Telangana will be convener for the committee. The objective of the Lifesciences advisory committee is to serve a structured interface between Government, Industry and Academia.

Minister Mr. K.T Rama Rao visits Genome Valley to examine the status of vaccine development for COVID-19

Hon’ble Minster, Mr. K.T. Rama Rao visited the Genome Valley premises on 4th of August 2020 to meet the leadership team of Bharat Biotech and Biological E to examine the status of vaccine development for COVID-19 and assure the state government’s support to ongoing efforts by the companies to develop the vaccine. The primary objective of the visit was to elicit the challenges faced by the companies in the vaccine development and the support required from Government of Telangana and Government of India. A panel discussion on “The Vaccine Race: Balancing Science and Urgency” was also organised and moderated by the Minister himself.

Launch of Handbook on ” Make In Telangana “

Hon’ble Min KTR & Principal Secretary Mr.Jayesh Ranjan had unveiled a handbook on “Make in Telangana” written & Compiled by Mandadi. Sreeha Reddy (I&C Dept, Got) in association with CII and also during the virtual conference a Growth development Plan on Nizamabad was released. Industries Principal Secretary Jayesh Ranjan said the State is working on a policy to promote local procurement. This will be announced shortly. The State has set up a separate wing called Invest Telangana which will act as the first point of reference for all the investors.

TSIC launched a massive program to benefit startups to scale post-COVID-19 pandemic

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  • Rejig-HydStartups is a large-scale mentoring program for startups to rejig strategy to pivot towards customers and increased revenue post-COVID-19.
  • A grand finale demo day, in the end, will facilitate investor connect, debt funding, and corporate market access.
  • Major research incubators and organisations like TiE, T Hub and IKP are part of the collective.
  • During these current times, startups have been struggling due to the economic slowdown caused by the COVID-19 pandemic, The Telangana State Innovation Cell (TSIC) along with some of the most prominent incubators and enablers in the city, is bringing in collective support for startups in the State.

This collaborative initiative to support the startup ecosystem, will work with startups from several incubators and outside. A program for strategy rejig followed by pitch preparation for equity funding, debt or corporate market access will be provided. The initiative Re-jig.HydStartups is powered by incubators like T-Hub, CIE-IIITH, IKP, RICH and TiE among others.

Deepanwita Chattopadhyay, Chairman & CEO of IKP said, “This collective initiative will help startups in securing funding to tide over the crunch period”.

Startups from various domains will be enabled through domain-specific mentoring and market access. The sectors targeted are— EdTech, FinTech, FMCG, Manufacturing, Agri/Food tech, Med/Life sciences and Emerging technologies.

All the shortlisted startups will be given 3 weeks of mentoring to review their strategy and re-fine it to address present business climate and constraints, specifically identify promising domains and target companies, and revise the positioning and pitch.

The program will culminate in a massive pitch day event, with over 100 screened startups pitching for equity funding, collateral-free debt funding, or corporate market access. Leading companies in the targeted domains will be invited to review the startups and consider pilots.

Rejig.HydStartups applications are open now and due on July 20th. The program will run for four weeks, concluding with the demo days to investors and corporates in mid-August.

Sri Jayesh Ranjan, Principal Secretary IT&C said, “Very heartening to see the community of research incubators in the city, anchored by the State Innovation Cell, coming together to rally around promising deep IP startups.”

Telangana wins Gold in Emerging Technologies for a Blockchain Project

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Government of Telangana’s vision is to become a leader in Emerging Technologies. To realize this vision, ITE&C Department of Government of Telangana has an Emerging Technologies Wing which enables an ecosystem for emerging technologies, and most importantly, leverages these technologies to develop innovative solutions for government departments.

Under the Blockchain District initiative, Telangana’s Blockchain project for administering Chit Funds in the state, T-Chits, has been awarded Gold in “Excellence in Adopting Emerging Technologies” for the 23rd National Conference on E-Governance 2019-20.

Chit funds are key instruments of financial inclusion in India. While Chit funds help people save money for their future needs, regulatory failures may cause millions of people to lose their life-time savings.

“The Blockchain-based platform will capture transactions, verify the data, enable smart and secure transactions to allow automated and trusted financial transactions between all parties,” said Ms. Rama Devi Lanka, Director Emerging Technologies & OSD, ITE&C Department, Government of Telangana.

T-Chits transformed the cumbersome process of monitoring Chit Fund transactions. The Administration issues with multiple unknown parties (Organizers, Subscribers, Regulators, Banks, Auditors and Third-Party Systems) are solved by bringing in Trust and Transparency through blockchain. The project has a massive impact. INR 18549.12 Cr+ of savings of 10,08,300+ subscribers(mostly from lower-income groups) are rotated per annum in Telangana alone.

“T-Chits is the perfect example of using cutting edge emerging technologies for social good. Kudos to Chitmonks, a Blockchain-startup incubated in T-Hub, for developing a scalable Blockchain solution, tailor-made to solve a major Indian problem,” said Mr. Jayesh Ranjan, IAS, Principal Secretary, ITE&C Department, Govt of Telangana.

Minister KTR meets global industry leaders at WEF in Davos

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Telangana IT & Industries Minister KT Rama Rao, is leading a delegation from Telangana to World Economic Forum, Davos
Minister KTR spoke in a panel discussion ‘India: The Investment & Innovation Nation’
Minister met head honchos of several global business houses at the Telangana Pavilion, Davos

IT and Industries Minister KTR participated in a panel discussion co-hosted by CNBC TV 18 and CII on the topic ‘India: The Investment & Innovation Nation’ on the sidelines of World Economic Forum in Davos on January 21, 2020.

During the session, Minister KTR said that India has one of the most compelling business stories in the world. He added that India has 40% of the youth who are between the ages of 20 and 40 which is a huge advantage that no other country has at this point.

Elevating a pitch for Telangana state, Minister KTR said that Telangana is consistently ranked top in Ease of Doing Business in the country. He mentioned that the top five valued technology companies in the world have their second-largest base outside their headquarters in Hyderabad that include – Apple, Google, Facebook, Microsoft, and Amazon.

Minister highlighted that among all the Indian cities, Mercer has rated Hyderabad as the city with the best quality of living for five years in a row. He also mentioned about JLL report and stated that Hyderabad emerged as the world’s most dynamic city among 130 cities globally.

Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Deepak Bagla MD & CEO Invest India, Vikram Kirloskar, President, CII, Tiger Tyagarajan CEO, Genpact were the other panelists who shared their thoughts during the session.

On the sidelines of the World Economic Forum, Minister KTR held meetings with global industry leaders at Telangana Pavilion in Davos.

Earlier during the day, Roche Chairman Christoph Franz met Minister KTR at Telangana Pavilion. During the meeting, Minister informed Mr. Christoph that Hyderabad is renowned as the Pharma and Life Sciences hub of the country. Minister also mentioned the investment opportunities in Hyderabad Pharma City and Medical Devices Park.

Minister KTR also met Hewlett Packard Enterprise COO Vishal Lall, Apollo Tyres Vice Chairman & MD Neeraj Kanwar, Carlsberg Group and Carlsberg Foundation Chairman, Prof. Flemming Besenbacher, and ProcterGamble CEO & MD, Southeast Asia Magesvaran Suranjan and highlighted the investment opportunities in sectors like food processing, electronics, textile and life sciences in Telangana.

Minister KTR reviewed the progress of T-Fiber project

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Sri KT Rama Rao, Hon’ble Minister IT, Industries & MAUD reviewed the progress of the T-Fiber project.Hon’ble Minister stated that digital infrastructure is proving to be a game-changer in the fight against Covid-19. He said that the importance of a robust digital infrastructure was once again validated in the form of increased demand for online education, online healthcare and e-commerce services during the current pandemic.

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Minister stated that reliable broadband connectivity will facilitate seamless Work-From-Home options for the IT and allied sectors in a post-COVID world.

The T-Fiber network once completed shall help transform the delivery of G2G and G2C services across the state, especially in rural areas by connecting Government institutions, enterprises and households. The network has a lot of potentials to revolutionize delivery of online Education, Tele-health and Agriculture services in the State by enabling high-speed connectivity and digital content reliably and seamlessly.

Hon’ble Minister instructed the T-Fiber team to connect Rythu Vedikas coming up in the state. This enables the vision of the Chief Minister to bring all the farmers in the state to come under one roof to discuss, interact and exchange ideas with Ministers and Government officials thorough video conferencing. Farmers can also benefit as they will have better access to prices and other marketing information at their fingertips.

Hon’ble Minister said that the potential of the T-Fiber network once ready will be enormous in delivering the citizen services across the state.

Minister instructed the officials that all the existing network infrastructure in the state and the state data centre should be brought under T-Fibre

He directed the officials that all Municipal Corporations and Municipalities to be included in the scope of T-Fibre.

He concluded the review by directing the Master System Integrators to speed up the on ground project execution. Minister said that the RoW act would be reviewed to ensure brisk progress of work. He urged the TFiber team to ensure the entire project work is completed within 10 months.

IT Dept Principal Secretary Sri Jayesh Ranjan, T-Fiber MD Sri Sujai Karampuri and other officials participated in the meeting.