AP unveils lifesciences policy

Telangana Bill scheduled to be taken up for discussion in Parliament tomorrow

The Andhra Pradesh government on Monday unveiled an exclusive policy for the lifesciences sector with a mission mode approach over the next five year at the inaugural session of the annual edition of BioAsia summit here.

The policy aims to attract Rs 20,000 crore investment in biotechnology, medical devices and pharmaceuticals among other segments in a bid to capture $13.5 billion market by 2019.

The new policy envisages projects critical for the development of the sector in the public private partnership mode such as Vivarium, a vaccine testing facility, animal quarantine and a medical devices park.