Financial Daily from THE HINDU group of publications
Saturday, Apr 16, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Bio-tech & Genetics


Kinfra working with private agencies for bio-tech parks

V. Sajeev Kumar

Kochi , April 15

THE Kerala Industrial Infrastructure Development Corporation (Kinfra) is in the process of establishing a joint venture company with private agencies, who have expertise in setting up biotechnology parks considering its immense potential in revolutionising various sectors of industry such as healthcare, agriculture, environmental and process industry.

Kerala is uniquely positioned for harnessing the biotechnological applications to promote industry growth due to the rich biodiversity, conducive climate, network of established research institutes and universities, highly educated and skilled manpower and a government dedicated to growth of biotechnology in the State.

A number of entrepreneurs are interested in commercially exploiting these technologies. However, high cost of investment for optimisation and scale up of these technologies and the risk of failure are the major deterrents in promoting entrepreneurs to commercialise indigenous technologies, Dr G.C. Gopala Pillai, Managing Director, Kinfra said.

Several research institutions such as Tropical Botanic Garden and Research Institute , Rajiv Gandhi Centre for Biotechnology , Regional Research Laboratory , University of Kerala and Sree Chitra Tirunal Institute of Medical Sciences have developed a number of biotechnologies of immediate relevance to the State and country.

A number of technologies for micro propagation of commercially relevant plants such as medicinal and aromatic plants, spices and flowers have been developed enabling their propagation on a large scale for extraction of value-added products having immense domestic and export markets.

He said the Chief Minister, Mr Oommen Chandy, will lay the foundation stone for the Kinfra biotechnology park at Kalamassery on April 21.

The total cost of setting up the biotech park is estimated at Rs 39.53 crore including cost of land, site development and buildings. The cost of the Biotechnology Incubation Centre (BTIC) is estimated at Rs 23.18 crore.

Of this, the contribution from Department of Biotechnology, Union Government is to the tune of Rs 11 crore. The sources of income would be rentals from hiring of the common facilities in the BTIC and the use of support services. The BTIC would operate as a self- sustained unit, he said.

The park would be a combination of a Technology Incubation Centre (TIC) providing modules for R&D in biotechnology, pilot plant and a business enterprise zone comprising of developed plots to be utilised for setting up of industrial units.

The development works would be taken up in two phases. In the initial phase, a building for incubation centre would be constructed followed by other wings of the park, Dr Pillai said.

The park, he said, would focus on the commercial applications of biotechnology. The thrust area of the project would be practical application and utility of the bio-resources of the State.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Ministry to set up welfare offices in Gulf States


Passenger car sales rise 18 pc in 2004-05 — Two-wheeler sales up 15.75 pc; CVs 22 pc
Inflation rises on costlier fuel, food
Scope for Indian cos to farm out in Zimbabwe
In the lurch
Centre approves Coimbatore industrial cluster proposal
India invites Qatari investments in hydrocarbon sector
Power situation `comfortable' in Kerala
Bumper year forecast for South Eastern Rly — Spurt in demand for rakes by sponge iron units
NECC says Kerala VAT provisions harmful to poultry
Premium liquor brands to attract higher tax in AP
Most VAT queries in Bengal relate to commodity classifications
Maharashtra traders on indefinite stir against VAT
Traders oppose inclusion of salt in VAT list
`Variations' in State laws to figure at VAT meet
SME growth pacts to be signed at Commonwealth-NSIC meet
Reserved items for SMEs to stay: Sibal
Dakshina Kannada dist chalks out plan to tackle water scarcity
Big FMCG brands regaining lost ground from low-priced warriors
Can we have a break after every ball?
Sun Micro offers `one for one' to colleges
Consortium to develop township at Whitefield
Chinese garments come cheap
Kinfra working with private agencies for bio-tech parks
BrahMos combat version tested
Lack of `reliable' partners holds back foreign investment in ceramic industry
AP: Small Savings Dept mops up Rs 4,811 cr
More industrial clusters coming up in Kerala
`Low engg design cost a boon'
Teeing off with EET
Standard deduction allowed to salaried taxpayer should continue: ICAI
National Jute Policy aims to boost exports — Shipments to be increased to Rs 5,000 cr by 2010
Exim Bank moots customised approach for plantation sector
Southern Splendour on the way


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

Copyright 2005, 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