64 Heads of Missions in India leave for Hyderabad to visit biotech companies developing COVID-19 vaccine

New Delhi: 64 Heads of Missions in India leave for Hyderabad, where they are scheduled to visit Bharat Biotech and Biological E. Ltd, in continuation of the briefing by Ministry of External Affairs (MEA). The facilities are developing COVID-19 vaccine.

Sources said that this is the first such visit and it will be followed by visits to facilities in other cities. It is in continuation of the COVID-19 briefing by the Ministry of External Affairs on November 6.

India is the world’s largest vaccine manufacturer and has been contributing significantly to global efforts against COVID-19 pandemic.
Sources said there is a lot of interest in India’s vaccine development efforts.

Prime Minister Narendra Modi has said that India’s vaccine production and delivery capacity will be used to help all humanity in fighting this crisis.

He visited the Zydus Biotech Park in Ahmedabad, Bharat Biotech in Hyderabad and Serum Institute of India in Pune on November 28 to conduct an extensive review of the vaccine development and manufacturing process.

On November 30, he had virtual meetings with teams from Gennova Biopharmaceuticals Ltd Pune, Biological E Ltd Hyderabad and Dr Reddys Laboratories Ltd Hyderabad. The three teams are working on developing and manufacturing vaccine for COVID-19.

Bharat Biotech had on Monday applied for emergency use authorisation for its indigenously developed COVID-19 vaccine ‘Covaxin’ to Drugs Controller General of India (DCGI).

It is the second Indian company to apply for emergency use authorization after the Serum Institute of India applied for such use for the vaccine developed by Oxford University and AstraZeneca.

Source: newsroompost.com

Ester Industries to set up ₹1,350-cr polyester packaging film unit in Telangana

Ester Industries Ltd., a listed company, will invest about ₹1,350 crore to set up an advanced polyester packaging film manufacturing facility in Telangana.

The Gurgaon-based firm is a manufacturer of polyester films, specialty polymers and engineering plastic compounds. It currently has a manufacturing facility in Khatima district of Uttarakhand.

The investments will be made in three phases. “Implementation of the first phase is scheduled to be completed by the third quarter of 2022. This project will create direct employment for about 800 people,” a top official of the Telangana government has said.

Welcoming the move, Telangana IT and Industries Minister KT Rama Rao assured the firm of all help from the government in rolling out its plans in the State.

The firm proposes to export 30-40 per cent of its production, which will help to establish Telangana’s footprint on the global flexible packaging map, according to Arvind Singhania, Chairman of the firm, said.

Source : Hindu

New Jewel – Dazzling Durgam Cheruvu

The new Jewel in Hyderabad!

Durgam Cheruvu Bridge – World’s longest span extra-dosed Cable Stayed Bridge. Thanks to CM KCR and Municipal Administration Minister @KTRTRS for adding another attraction to our great city.

Panel discussion on Pharma, Healthcare & Life Sciences organized by CII

Panel discussion on Pharma, Healthcare & Life Sciences: Gearing up for the next level growth at Make in Telangana (Virtual Conference and exhibition on Invest in Telangana: Opportunities in Post COVID) was organized by CII scheduled between 1100-1200 Hrs on 28 August 2020.The panel discussion witnessed participation from Lifesciences experts from varied fields: Dr. Anand Kumar, Managing Director, Indian Immunologicals Ltd, Mr. Madan R Krishanan, Vice President MITG APAC & VP-MD India Subcontinent (South Asia), Medtronic, Mr. Krishna Kanumuri, Managing Director, Sai Life Sciences and Mr. Sanjay Singh, Partner, Deal Advisory Head, Lifesciences Sector, KPMG as speakers. The session was moderated by Mr. Shakthi Nagappan, Director – Life sciences, Govt. of Telangana.

Link to register – CII: Make in Telangana

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

rejig-hydstartups-tsic
  • 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.”