Financial Daily from THE HINDU group of publications
Friday, Nov 01, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Bio-tech & Genetics


MIDC, Chatterjee group tie up for biotech park

Our Bureau

MUMBAI, Oct. 31

THE Maharashtra Industrial Development Corporation (MIDC) is expected to partner with Kolkata-based The Chatterjee Group to set up a biotech park in Pune.

Mr Surendrakumar Bagde, Joint CEO (IT), MIDC, said that the corporation would shortly be entering in to a joint venture with the Chatterjee Group to develop the 100-acre park. "We are working out the modalities of the joint venture and things should be finalised in the next couple of weeks. Once the agreement is signed, the first phase of development, spanning two and half to three years, will begin."

Mr Bagde was speaking on the sidelines of a CII-Maharashtra press conference held here to announce two events— New Age Biotechnology in Maharashtra and Digital Maharashtra — to be held in Mumbai on November 14 and 18 respectively.

Mr Bagde also said that the State Government was working on a draft policy focusing on IT-enabled services (ITES) and telecom. "But at present no fixed time frame can be given as to when the policy will be released. The basic objective of the policy is to make the operations of the ITES industry more efficient. It will look in to various aspects related to the industry including telecom issues. Hence, inputs are being sought from all stakeholders and associations. We have already spoken to telecom operators, Nasscom, MAIT and are awaiting a feedback from CII."

Speaking on the two events, Mr Ganesh Natarjan, Chairman, CII-Maharashtra and Managing Director, Zensar Technologies, said, "The objective of the biotech conference is to create awareness about emerging areas in the field, strengthen links between industry, academia and Government institute and to provide a communication and marketing network for bio-science community."

Digital Maharashtra conference, on the other hand, will aim at showcasing Maharashtra's IT advantage, deliberate on issues related to IT services, ITES and e-governance

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
Govt assurance on Reliance probe


TNPCB may not grant nod for waste project
KSIDC to lay emphasis on promotional activities
`100% success rate in Godavari gas wells'
Petro prices up
Over 400 objections to power tariff plan filed with TNSERC — Schedule for public hearings announced
Chamber flays TNEB tariff proposals
Central funds only for States implementing power reforms
KVK Energy signs pact for plants in Chhattisgarh
Kerala seeks review of Kelkar proposals
Additional Group-II textile quota for US
World Bank aid for Kerala Govt hospitals
Medical centre at Technopark
Police Housing Corpn now turns IT-savvy
For NRIs, home is where the heart is...
Bank rate cut short of industry expectations
MIDC, Chatterjee group tie up for biotech park
Low-cost science expo
Seven in fray for 3 AP co-op mills in re-tender
Amcham offers partnership to make India an attractive FDI destination
TN Govt staff to continue agitation
Meet to educate lay investors, consumers
CII lays stress on supply chain competency
EPFO Vigilance Awareness Week
Software exports up 25% in first half
`Rural folk worst-hit by strained basic services'


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line