Fourth industrial revolution centre to be launched in Hyderabad
Updated: Jan 17th, 2024
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| Source: IANS |
WEF Centre for 4th Industrial Revolution to be launched in Hyderabad
The World Economic Forum, Telangana centre for the Fourth Industrial Revolution (WEF-C41R) will be launched during BioAsia 2024 in Hyderabad next month.
C4IR Telangana is the 18th centre to join the WEF’s Fourth Industrial Revolution (4IR) network, which spans four continents.
To be jointly set up by the World Economic Forum (WEF) and the Telangana government, it will be the world’s first thematic centre focussing on health tech and life sciences.
The agreement for the centre was signed during the meeting between Telangana chief minister A Revanth Reddy and WEF president Borge Brende on Jan 16 at Davos during the ongoing annual conference of WEF. Later, they made a joint statement about the C4IR Telangana.
Scheduled to be launched on Feb 28 as part of the BioAsia-2024 conference, the C4IR will focus on leveraging technology to enhance the state’s healthcare.
“The initiative aligns with the broader vision of Telangana government and goals of the WEF, emphasising collaboration to improve people’s lives through enhanced lifestyles and improved quality of living standards,” CM said.
IT and Industries minister D Sridhar Babu stated that the government is determined to transform the state into a global health tech hub, extending services to rural areas.
Dr Shyam Bishen, head of WEF centre for health and healthcare, felt that India has the potential to provide leadership for the future of health tech and life sciences and that Telangana is at the forefront.
The C4IR in Hyderabad is expected create employment opportunities in the healthcare sector.
The centre is slated to commence operations in Hyderabad in February next year.
The WEF had selected and announced Hyderabad as the location for the C4IR during last year’s annual conference in Davos. The Telangana government and the WEF had signed a collaboration agreement. It was announced that the centre will be an autonomous, non-profit organisation, leading on policy and governance for healthcare and life sciences.
Telangana accounts for one-third of global vaccine output and is regarded as the ‘vaccine capital of the world’. Also, the state contributes to about 35% of India’s pharmaceutical production.
(Source: IANS)
-Edited for style
