Hyderabad will become hub of bio, medical technology: Principle Secretary Jayesh Ranjan

Telangana Principle Secretary (Industries and Commerce) Jayesh Ranjan launched Atal Incubation Centre for Cellular and Molecular Biology (CCMB) in Hyderabad's Habsiguda. Principle Secretary Jayesh Ranjan said "T-Hub in Hyderabad has become a national role model for everybody to emulate. To encourage start-ups, the State government has sanctioned Rs 250 crore. The upcoming Global Entrepreneurs Summit will also give a boost to Hyderabad's image as an incubation hub," said Ranjan. He emphasised that there is a need of such centres and the focus of the state government is making Hyderabad as hub of biotechnology and medical technology. He further added that all the discoveries in the laboratory are not being translated into the products and processes due to lack of mentors and absence of entrepreneurial ecosystem conducive for transnational activities.