Philips keen on tapping into Telangana for AI work

Impressed with the work happening in the realm of Artificial Intelligence (AI) in Telangana, especially around healthcare, Dutch major Royal Philips has conveyed its interest in exploring possibility of setting up a Knowledge Hub in Hyderabad.

The contours of a possible collaboration, between Philips and Telangana, emerged during a meeting Chief Minister A. Revanth Reddy and Phillips V-P and Global Head-Government and Public Affairs Jan Willem-Scheijgrond had at the World Economic Forum 2026 in Davos.

The firm expressed interest in partnering with the State in the AI space, particularly in the context of the AI-led work Telangana is playing to host in the med-tech and health-tech domains. Their meeting also deliberated on potentially setting up a knowledge hub in Hyderabad with the State as a partner, the office of the CM as well as that of IT and Industries Minister D. Sridhar Babu said on Tuesday.

New Life Sciences Policy

Mr. Reddy, who is a leading a delegation comprising Ministers and officials to the prestigious forum in Davos for the third year consecutively, explained to Mr. Willem-Scheijgrond the new and dedicated Telangana Life Sciences policy at the heart of which is an ambitious target of building a $250 billion Life Sciences economy by 2030. Medical electronics and allied sectors will form an integral part of the growth strategy.

The ‘Telangana Next-Gen Life Sciences Policy 2026-2030’ is extending benefits to medical electronics, among various other allied areas, the Chief Minister said, while seeking to highlight how Telangana is building a world-class, sustainable industrial cluster designed to transform pharmaceutical manufacturing and research and development.

“As part of the State’s new economic development strategy under Telangana Rising 2047 vision, the PURE (Peri-Urban Region Economy) between the Outer Ring Road (ORR) and the Regional Ring Road (RRR) is being developed for manufacturing and logistics,” he said.

Mr. Sridhar Babu said the strategy for pharma manufacturing and the new Life Sciences policy are set to emerge as important building blocks propelling Telangana towards the larger goal of becoming a $3 trillion economy by 2047. At the foundation of this approach is the mature ecosystem of over 2,000 life sciences companies, a strong IT–life sciences–healthcare talent base, Genome Valley in Hyderabad and the more 300 acre Medical Devices and the Medical Electronics Park Telangana hosts.

Telangana is on course to be the epicentre for AI, he said, citing the State government’s plans to establish a dedicated AI City in Hyderabad. “This is the right time to come and setup a knowledge hub in Hyderabad,” Mr. Sridhar Babu said, inviting the Philips leadership to visit Telangana and explore opportunities, especially Genome Valley, which is a well known cluster of Life Sciences firms.

Mr. Willem-Scheijgrond said, “Telangana’s AI-led disruption in healthcare is impressive. We invite the ‘Telangana Rising’ delegation to visit our headquarters in The Netherlands.”