The proposed visit of envoys of 64 countries to the city-based Biological E and Bharat Biotech companies took place in the city today as per the schedule. The two premier industrial units are in the forefront of Covid vaccine manufacturing in India.
The visit is organised by the Ministry of External Affairs to familiarize the foreign ambassadors and high commissioners about some key research and development activities being taken up by the country.
The high-level contingent was divided into two batches – the first batch was taken to Bharat Biotech Ltd., while the second batch went around Biological E Limited and visited the facilities there. Later the second batch which earlier visited Bharat biotech Ltd. was taken around Biological E limited. Similarly, the team which visited Biological E limited was later taken to Bharat Biotech.
Welcoming the high profile dignitaries Chief Secretary Somesh Kumar said that during the last six years, the state has been a front ranker in the ease of doing business in the country under the leadership of CM KCR. The state is home to some of the top valued companies such as Google, Apple, Facebook, Amazon, Microsoft etc. Most of these companies have their largest establishments outside the US in Hyderabad. Besides, he informed that the combined value of the pharma sector in the state is around 50 billion US dollars. Hyderabad is the vaccine hub of not only India but the entire world with 33 per cent of the entire vaccine production being done in Hyderabad.
Chief Secretary briefed the diplomats that the state has formulated a new TSIPASS policy for speedy approvals to the industries. Industries who do not get permission within fifteen days are deemed to have been approved. This policy has proved to be a game-changer and during the last six years, around 14 thousand units have been grounded in the state.
On this occasion, Principal Secretary Industries and IT Jayesh Ranjan made a PowerPoint presentation and showcased the investment potential of the state to the visiting dignitaries. He said that Hyderabad Pharma city will be operational in a couple of months. Similarly, a medical devices park is also being set up near the ORR in 500 acres.
Vinay Kumar Additional Secretary MEA, GOI, Principal Secretary Political Vikas Raj, Medchal Collector Swetha Mohanty, MD Biological E Limited Ms Mahima Datla, Bharat Biotech CMD Krishna Ella, ED Sai Prasad and others attended the meeting.