M’sian-Indian firms ink agreement

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HYDERABAD: Central Spectrum (M) Sdn Bhd has marked another milestone in its history
with the signing of a collaboration agreement with Telangana State Industrial Infrastructure
Corporation (TSIIC) during the 15th edition of Bio Asia exhibition in the presence of Industries and IT Minister K.T. Rama Rao.

The collaboration will cover a few areas and includes the mutual promotion of Telangana
and Selangor Bio Bay as possible hubs in the region for companies and investors in the field of biotechnology which includes pharmaceutical and medical devices, lifesciences, commercialisation and other related fields.

Speaking on the occasion, Central Spectrum CEO Dato’ Mahmud Abbas said, “Through
this MoU, we will cover strategic elements and do mature promotions of Selangor and Telangana. Additionally, we are offering a seat to Telangana to be part of Selangor council member.”

As part of the agreement, Telangana and Selangor Bio Bay will promote each other as possible hubs in the areas of preclinical and clinical research, pharmaceutical regulations,
device development, manufacturing practices, commercialisation among others. Selangor Bio Bay will also provide services such as Halal facilitation for companies venturing into the halal market and SBB’s Biotechnology Accelerator Center (BAC) which includes a research center where biotechnology start-ups can be nurtured and through our planned partnership with academic institutions such as Monash University Malaysia.

TSIIC was established in 2014 and is geared up to transform Telangana into an ideal
destination for industrial investments. It is mandated to provie industrial infrastructure and
managing industrial land banks.

TSIIC has 150 industrial parks which include sector specific such as IT, biotechnology,
aerospace, apparels, pharmaceuticals, automotive and special economic zones.
They are responsible to develop Genome Valley; the first and largest life sciences cluster in
Asia.