Pandemic opened up new opportunities for Indian Biotech sector: Kiran Mazumdar Shaw
Hyderabad: The present global pandemic brought huge healthcare challenges but it has also opened up a huge number of opportunities for every part of the world particularly Indian Biotech sector which saw many start-up companies rising with huge investment flow, Biocon Limited Founder Chairperson Kiran Mazumdar Shaw observed here on Saturday.
Addressing the graduates virtually during GITAM Deemed to be University 11th Convocation here, She said many start-up companies in the Indian biotech sector could not even attract venture capital or any funding in the past and now suddenly found a large number of investors.
Ms Shaw expressed that many more start-ups will come in the coming days.
The textile industry repurposed its plants into developing PPEs and today we are a major exporter of PPEs to the world, she added.
She mentioned that initially there was a shortage of ventilators in the country, but our companies rose to the challenge and started developing ventilators of various types, and today it's become a big export opportunity for that industry.
The Founder Chairperson said that a large number of companies, including our own, have developed essential drugs that can actually manage the disease better and prevent deaths and advised that the present generation must face the challenges and failures to create opportunities.
GITAM Chancellor Prof K Ramakrishna Rao said that GITAM will prepare the students to face all kinds of challenges.
GITAM Vice-Chancellor Prof K Sivaramakrishna informed that GITAM is developing its own learning management system to be able to address the university's expanding needs.
He announced that GITAM has established Kautilya School of Public Policy with a mission to empower leaders through rigorous public policy education.
Prof Sivaramakrishna further informed that GITAM faculty filed 25 patents during the year and have published 1783 research papers in international journals.
GITAM Pro–Vice-Chancellor Prof Jayasankar Variyar conducted the oath-taking ceremony.
GITAM Registrar Prof. D.Gunasekaran informed that of the total 6135 UG & PG students, 140 PhD students have successfully completed their courses to receive the convocation degrees.
He announced the names of 46 gold medallists.
GITAM President M Sribharath, Vice President Prof M Gangadhara Rao, GITAM Governing body members, Board of Management members participated in the Convocation.
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