Hyderabad to host WEF C4IR, first of its kind centre in healthcare, life sciences

The announcement was made after the Telangana government and the World Economic Forum signed a collaboration agreement

World Economic Forum

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

The Centre would be an autonomous, non-profit organisation, leading on policy and governance for healthcare and life sciences. C4IR Telangana would be the only centre of World Economic Forum in India with a thematic focus on healthcare and life sciences.

The collaboration agreement was signed by Managing Director of the World Economic Forum Jeremy Jurgens and Chief Executive Officer, Telangana Life Sciences Foundation, Government of Telangana Shakthi Nagappan, in the presence of Telangana Minister for Industries and Commerce K T Rama Rao and the President of the World Economic Forum Børge Brende. Jayesh Ranjan, IAS Principal Secretary and Shyam Bishen, 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 Center 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 further accelerate the value and impact created by Telangana’s life sciences sector globally” said KTR.

“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. “Known for its strength in life sciences, Telangana is uniquely positioned to lead this effort, and the new Centre will play an important role in transforming the regional, national and global healthcare sector, and improving patient access and outcomes. It will accelerate product development and delivery innovation within the overall Indian healthcare system”.

Telangana was regarded as a leading life sciences hotspot in Asia. Telangana accounts for 1/3rd of global vaccine output and is regarded as the vaccine capital of the world. Also, the State contributes to about 35 percent of India’s pharmaceutical production.

C4IR Telangana would be the 18th centre to join the World Economic Forum’s Fourth Industrial Revolution (4IR) Network, which spans four continents. With establishment of this centre, Telangana would become an important node in the global network of 4IR centres and would also help Telangana consolidate its leadership position globally.

Being the first healthcare and life sciences 4IR centre in the region, the hub would facilitate, advance and accelerate development and adoption of newer technologies including genomics, personalised medicine and healthcare manufacturing, with a focus on the interplay between life sciences and technology in the region and globally. The Centre would leverage on the strengths that the State possesses with respect to progressive industrial policies, abundant availability of talent pool, world class infrastructure and cluster-based approach to create further value for the region and the world.

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