Karnataka CM starts Bengaluru Life Sciences Park construction
- by Team ABLE - 29 Jul, 2020
Karnataka Chief Minister, Mr B S Yediyurappa conducted the ground-breaking ceremony of the much-delayed Bengaluru Life Sciences Park in the Bengaluru Helix complex in Electronics City on July 29.
The Park will be part of the 80-acre Helix complex that already has three state biotech institutions, the IBAB(Institute of Bioinformatics and Applied Biology), the Center for Human Genetics(CHG) and the Bangalore Bioinnovation Center(BBC).
"Setting up of the Bengaluru Life Sciences Park was envisioned 20 years ago, when the Karnataka Vision group on Biotechnology (VGBT) was set up. The efforts put in by the Vision Group have finally borne fruit. This park will definitely showcase Karnataka, and Bengaluru in particular, on top of the Biotech map of the world," said Dr CN Ashwath Narayan, deputy CM and also the minister for IT and BT & Science and Technology
When it is fully ready, the Park will have an estimated 9 million square feet of built up area spread over 52 acres. It aims to accommodate about 150 companies that will employ nearly 50,000 people.
The first phase of the project will be completed by December 2022.
The Life Sciences Park is estimated to house more than 150 companies and is expected to generate around 50,000 jobs. The park will have a dedicated incubation space with shared instrumentation lab facilities and customizable fully fitted lab and office suites.
“This is a public-private partnership. The government will get a land premium of Rs 109 crore,” Dr Narayan said earlier at a media interaction on July 28.
“There is a huge demand for this park to come up, which will attract major biotech players from across the globe to invest and make use of this integrated park,” said VGBT chairperson Dr Kiran Mazumdar-Shaw. She is also the non-executive chairperson of ABLE and Chairperson of Biocon.
(Source & Credit: PTI)
The project is being set up under a public-private partnership with the government of Karnataka and private entity Labzone Corp.