Pulsus Group Sets Sights On Telangana With Rs 300 Crore Investment In AI-Powered Pharma Healthcare Hub
Pulsus Group to establish Rs 300 crore AI-driven pharma IT hub in Telangana, creating 50,000 jobs.
Breaking News
Jul 06, 2024
Mrudula Kulkarni
Pulsus Group, led by CEO & managing director Dr.
Srinubabu Gedela, unveiled plans during the 73rd Indian Pharmaceutical Congress
to establish an AI-driven pharma healthcare IT hub in Ameenpur, Sangareddy
district, Telangana. The ambitious project, budgeted at Rs 300 crore, aims to
revolutionize both healthcare and IT sectors. It is anticipated to generate
approximately 10,000 direct employment opportunities and an additional 40,000
indirect jobs across supporting industries and services, promising significant
economic impact and growth potential for the region.
The project, strategically positioned within Ameenpur's
IT/ITeS zone, will harness cutting-edge AI technologies to enhance every facet
of the pharmaceutical industry, spanning research, development, and healthcare
provision. Dr. Srinubabu Gedela highlighted its potential to create a
substantial number of employment opportunities, benefiting local residents.
Gedela said, “By integrating the most advanced artificial intelligence, we aim
to streamline processes, enhance precision in drug development, and improve
patient outcomes. This positions Telangana at the forefront of healthcare
innovation in India.”
Speaking at the conclave, Telangana's Industries & IT
Minister, D Sridhar Babu, emphasized that integrating AI and advanced
technologies into the pharmaceutical sector could potentially lower the cost of
drugs and treatments, thereby enhancing accessibility for patients. In a move
to bolster Telangana and Hyderabad stature as a prominent global pharmaceutical
hub, Chief Minister A Revanth Reddy has opted for a decentralized development
strategy focused on creating 9-10 specialized pharma zones across the state.
This approach aims to foster self-sufficiency within each cluster, stimulate
rural economic growth, and generate employment opportunities.