2 hrs ago
Kerala Secures Rs 713 Crore Life Sciences Investment Pledges
Kerala held an event called Bio Connect 4.0 to encourage growth in life sciences.
Companies and institutions pledged Rs 713 crore in investments.
They also exchanged three agreements and four expressions of interest.
More than 600 people and over 45 exhibitors took part.
The event discussed areas such as new medicines, nutrition products, artificial intelligence, and research.
Kerala wants research to lead to new ideas, businesses, jobs, and products.
KSIDC said the state aims to support the whole process, from research to reaching global markets.
Bio Connect 4.0 generated investment pledges worth Rs 713 crore for Kerala’s life sciences sector.
The two-day conclave concluded on Friday, October 9, and was hosted by the Kerala State Industrial Development Corporation.
Participants exchanged three memorandums of understanding and four expressions of interest.
More than 600 delegates and over 45 exhibitors attended the event.
The conclave explored artificial intelligence, advanced therapies, nutraceuticals, next-generation biologics, and scientific research.
- Who
- Kerala, the Kerala State Industrial Development Corporation, and companies and institutions in the life sciences sector.
- What
- Bio Connect 4.0 secured Rs 713 crore in investment pledges and saw three MoUs and four EoIs exchanged.
- Where
- Kerala.
- When
- The two-day event concluded on Friday, October 9; the year is not stated.
- Why
- Kerala aims to strengthen its life sciences ecosystem, from research and development to commercialisation and global market access.
Investment-led growth
Ecosystem-led development
Kerala’s life sciences strategy
Investment-led growth
The conclave secured investment pledges that could support growth in the sector.
Ecosystem-led development
KSIDC Managing Director Snehil Kumar Singh said Kerala must build the entire value chain, from research and development through commercialisation and access to global markets, rather than focus only on manufacturing.
Key facts
- Investment pledges
- Rs 713 crore
- Event
- Bio Connect 4.0
- Host
- Kerala State Industrial Development Corporation (KSIDC)
- Agreements exchanged
- Three memorandums of understanding and four expressions of interest
- Attendance
- More than 600 delegates
- Exhibitors
- Over 45
- Focus areas
- Artificial intelligence, advanced therapies, nutraceuticals, next-generation biologics, and scientific research
Quotes
Snehil Kumar Singh
Managing Director of the Kerala State Industrial Development Corporation (KSIDC).
“The state’s objective was not merely to attract investment but to build an ecosystem where research generates innovation, companies create jobs and new technologies deliver solutions for society.”
wionews.com
“Kerala needed to move beyond manufacturing and strengthen the entire life sciences value chain, from research and development to validation, commercialisation and access to global markets.”
wionews.com
Sources
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