- The Fourth Industrial Revolution Center (C4IR) of the World Economic Forum will be set up in Hyderabad.
- The first-of-its-kind center in the country was announced at the annual meeting of the World Economic Forum.
- It is India’s first thematic center and will be an autonomous, non-profit organization, leading on policy and governance for healthcare and life sciences.
- Telangana has invested Rs 4,200 crore in the World Economic Forum.
- World Economic Forum Managing Director Jeremy Jurgens signed a collaboration agreement with Shakthi Nagappan, Chief Executive Officer, Telangana Life Sciences Foundation in the presence of IT and Industry Minister KT Rama Rao, which was seen as a major achievement for Telangana on the very first day.
- C4IR Telangana is the 18th center to join the World Economic Forum’s Fourth Industrial Revolution (C4IR) network, which is spread across four continents.
- With the establishment of this center, Telangana will become an important node in the global network of C4IR units and will also help Telangana to consolidate its leadership position globally.
- It reflects the existing ecosystem for the life science sector in Telangana. Life Sciences was one of the priority areas in Telangana.
- The decision to set up the C4IR center in Hyderabad can leverage the current ecosystem to further accelerate the value and impact created by Telangana’s life sciences sector globally.
WEF Centre for the fourth Industrial Revolution to come up in Hyderabad
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