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Knowledge Park coming up in Bhubaneswar
By siliconindia
|
Monday, 26 October 2009, 14:34 IST |
6 Comments
Bhubaneswar (Orissa): Konark Knowledge Park, which is the first public private partnership integrated industrial park conceived under a development partnership between the Government of Orissa and Hyderabad-based Bharat Biotech International (BBI), is coming up in Bhubaneswar at an estimated cost of 
100 crore.
Laying the foundation stone of the Konark Knowledge Park at Andharua Mauza, Orissa Chief Minister Naveen Patnaik has emphasized on proper synergies between the teaching institutions and the Knowledge Park for mutual benefit. As reported by the Economic Times, he also expressed his government intention to develop Andharua Mauza, Bhubaneswar as a major biotech, IT and pharma hub in Orissa. The project aims to boost investments in the areas of biotechnology and pharmaceuticals in the state of Orissa. When completed, this infrastructure will create research and development enterprises in an environment designed to foster novel approaches to healthcare and its delivery.
Patnaik also said "This PPP project demonstrates my government's vision to successfully collaborate with the private sector to not only create world class infrastructure but also create new avenues for jobs and increase investment in our local economy."
BBI Chairman Dr. Krishna Ella asserted that the park would accelerate the growth of entrepreneurship in the area of Biotech, Pharma and IT and help nurture local talent in the areas scientific in addition to technology based research and development. "This is a symbolic and a great moment as we start the construction of the Konark Knowledge Park," he said. BBI has successfully developed an integrated Agri-Biotech Park in Bangalore and establishment of Genome Valley BioPharmaceutical cluster located in the outskirts of Hyderabad.
The state government has allocated 64.86 acres of land (30 acres in Phase I and 24.86 acres in phase II) including 10 acres of land for development of Biotech Incubation Centre through a Special Purpose Vehicle (SPV) for development of an integrated industrial park to attract and promote biotechnology, pharmaceutical and information technology industries here. The land for the park has been allocated in the form of a long term lease to the SPV named Konark Knowledge Park. The project is expected to be completed over a period of eight years.
The SPV will execute the lease cum development agreement with Orissa Industrial Infrastructure Development Corporation (IDCO). Orissa IDCO will provide all external infrastructure facilities, such as four-way lane roads to the gate, uninterrupted water supply, uninterrupted power with 33KVA sub-station, sewage and many more to facilitate rapid development of internal infrastructure.
100 crore.
Laying the foundation stone of the Konark Knowledge Park at Andharua Mauza, Orissa Chief Minister Naveen Patnaik has emphasized on proper synergies between the teaching institutions and the Knowledge Park for mutual benefit. As reported by the Economic Times, he also expressed his government intention to develop Andharua Mauza, Bhubaneswar as a major biotech, IT and pharma hub in Orissa. The project aims to boost investments in the areas of biotechnology and pharmaceuticals in the state of Orissa. When completed, this infrastructure will create research and development enterprises in an environment designed to foster novel approaches to healthcare and its delivery.
Patnaik also said "This PPP project demonstrates my government's vision to successfully collaborate with the private sector to not only create world class infrastructure but also create new avenues for jobs and increase investment in our local economy."
BBI Chairman Dr. Krishna Ella asserted that the park would accelerate the growth of entrepreneurship in the area of Biotech, Pharma and IT and help nurture local talent in the areas scientific in addition to technology based research and development. "This is a symbolic and a great moment as we start the construction of the Konark Knowledge Park," he said. BBI has successfully developed an integrated Agri-Biotech Park in Bangalore and establishment of Genome Valley BioPharmaceutical cluster located in the outskirts of Hyderabad.
The state government has allocated 64.86 acres of land (30 acres in Phase I and 24.86 acres in phase II) including 10 acres of land for development of Biotech Incubation Centre through a Special Purpose Vehicle (SPV) for development of an integrated industrial park to attract and promote biotechnology, pharmaceutical and information technology industries here. The land for the park has been allocated in the form of a long term lease to the SPV named Konark Knowledge Park. The project is expected to be completed over a period of eight years.
The SPV will execute the lease cum development agreement with Orissa Industrial Infrastructure Development Corporation (IDCO). Orissa IDCO will provide all external infrastructure facilities, such as four-way lane roads to the gate, uninterrupted water supply, uninterrupted power with 33KVA sub-station, sewage and many more to facilitate rapid development of internal infrastructure.