Biotech Park set to take off

Biotech Park set to take off
Phase-I Will Be Completed Within Nine months
The Times of India

Bangalore: Bangalore’s tech status is set to receive yet another shot in the arm with the state government deciding to wrap up work on the first phase of the biotechnology park in nine months’ time.
The government has asked the National Buildings Construction Corporation (NBCC), entrusted with the construction, to complete the exercise within the stipulated time. The construction will start October-end and the cost of first phase is estimated at Rs 9.4 crore.
NBCC officials from New Delhi will hold the first review meeting with state officials on Oct 26.
State IT/BT secretary M N Vidyashankar told The Times of India on Monday that the first phase, spread over six acres, will include a block for institutions and R&D. “Within the R&D centre, there will be separate sub-blocks housing the Institute of Bioinformatics and Applied Biotechnology and the Centre for Human Genetics.”
The government had acquired 104 acres of land at Electronic City phase III more than a year back, but hardly anything had moved since then. A clutch of biotech companies will house themselves in the cluster.
The park is scheduled to have world-class R&D facilities, and plugand-play amenities for life sciences research. It will comprise an R&D centre, management block, biotech incubation and common facilities centre, a biotech industries cluster.
The park will get fiscal benefits as announced in the Millennium Biotech Policy of 2001 and periodic amendments to the policy that will be released by the state.
NBCC is a wholly owned Government of India enterprise which has carried out projects like fencing along Indo-Pak and Indo-Bangla borders.