Hyderabad, Nov. 27 -- Assessing the pharma and biotech industry in Telangana, Dr. Reddy's Chairman Sathish Reddy said that by 2030, the pharma and biotech industry in Telangana will have tripled to likely to reach INR 9 lakh crore (USD 120 billion).

There are more than 800 pharma, biotech and med tech companies in Telangana, producing one-third of the vaccines used worldwide, Dr Reddy's chairman Satish Reddy said.

He was speaking at a conference jointly organized by the CII-Telangana and Telangana governments here on Friday on trade and investment opportunities in Telangana.

He urged the state government to prioritize research activities as it was a way to lay a big platform for rapid growth in research and development in the pharma an...