KSIDC signs Letter of Intent with Cornell University

The Kerala State Industrial Development Corporation (KSIDC), nodal investment promotion agency of the Government of Kerala, has inked a Letter of Intent (LoI) with US-based Cornell University, for channelling expertise for Life Sciences-based projects in the state.

The letter was inked on June 20, the opening day of Bio 2017, the largest annual global event for the biotechnology industry at San Diego, a release said here.

KSIDC is representing Government of Kerala in the three-day long event.

The agency's participation in the event has the context of a Life Sciences Park coming up at Thonnakkal near here, it said.

The Letter of Intent was signed by the Managing Director of KSIDC, Dr. M M Beena and Dr W Ronnie Coffman, Director of International Programs, Cornell University in the presence of Y S Chowdary, Minister of State for Science and Technology, Government of India.

The LoI will enable KSIDC to source expertise from the University in the agriculture, food, biomedical, veterinary and industrial biotechnology segments for the projects expected to come up in the proposed Life Sciences Park.

Besides, the significant achievement by way of a tie-up with Cornell University through the LoI inked, KSIDC hopes to identify resourceful investors, particularly NRIs, for taking up ventures in the Life Sciences sector in Kerala, the release added.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)