Home »  News »  India »  Bangalore

Biotechnology park in Bangalore inches closer to reality

Tuesday, 3 May 2011 - 11:27am IST | Place: Bangalore | Agency: dna
The project, which has been in the pipeline for some years now, attracted biotech majors from across the world reinforcing Bangalore’s status as a top biotechnology hub.

Bangalore Helix, the long awaited 56-acre biotechnology park in Electronics City, will finally see the light of day. The project, which has been in the pipeline for some years now, attracted biotech majors from across the world reinforcing Bangalore’s status as a top biotechnology hub.

Speaking at the curtain-raiser of Bangalore India Bio, 2011 on Monday, Kiran Mazumdar-Shaw, chairperson, Karnataka Vision group on Biotechnology and chairperson and managing director, Biocon, said name of the bidder will be announced during the conference to be held from May 4 to May 6 at the Bangalore International Exhibition Centre.

MN Vidyashankar, principal secretary, department of information technology, biotechnology and science & technology, Karnataka said, “From six bidders, we have narrowed it down to two.”

The government had earlier floated the bid several times.

Bangalore Helix had been previously bid for in 2006, but the chosen consortium fell out. The second bid drew a blank, as there was only one bidder interested in the project.

“We did not want to take a chance with only one bidder in the fray. We faced many roadblocks. You must understand the sector is highly regulated by the government. Now that we have finalised on the bidder, there is a feeling of accomplishment, though there is still a long way to go,” said Vidyashankar.

The project will see an investment of ¤5,000 crore and will be completed in three phases. The developer will be responsible for bringing in global companies to set up their offices here.

Incubation centre will be an integral part of the biotech park. The park is expected to do to the industry what ITPB did to the IT sector.




Jump to comments

RELATED