The World Economic Forum (WEF) has chosen the city of Hyderabad as the hub to set up the Center for the Fourth Industrial Revolution (C4IR) to focus on healthcare and life sciences in the country.
The Telangana Government and the Forum signed a collaboration agreement during the forum’s annual meeting in Davos to set up the centre, which will be an autonomous non-profit organization, leading on policy and governance for healthcare and life sciences.
As the first healthcare and life sciences 4IR centre in the region, the hub will facilitate advance and accelerate development and adoption of newer technologies, including genomics, personalized medicine and healthcare manufacturing with a focus on the interplay between life sciences and technology in the region.
The C4IR is the 18th centre to join the WEF’s Fourth Industrial Revolution (4IR) Network, which spans 4 continents. Telangana Industry Minister, KT Rama Rao said,“ Llife Science is one of the priority sectors in the State and I firmly believe that this partnership can leverage on the current ecosystem to further accelerate value and impact created by Telangana’s life sciences sector globally.”
WEF president, Borge Brende said,“C4IR Telangana – will be a key player in driving stakeholder engagement, building bridges between the public sector and small and medium enterprises and supporting job creation in the health sector.”