The completion of the conceptual plan and feasibility report of the biotechnology park at Aduwal in the Baddi industrial hub region has now been set for June end this year, as work could not be completed by March 31.

The Election Commission too gave permission in this regard.The Centre will provide Rs 9 crore while the state government will chip in with another Rs 8 crore for the first phase, say sources.

Permission has been sought from various departments to supply water and power besides cutting out a motorable road to the proposed site.

The proposed site is located 7 km from Nalagarh.

The Rs 250 crore park will have the potential to attract investments to the tune of Rs 2,000 crore.

The Himachal Pradesh government has already appointed Mott MacDonald as consultant for the project.

Big companies including Dabur, Panacea Biotech and Cadila among others are reportedly keen to invest in the park.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street opens flat as data offsets Moody's warning - Thomas Cook India Q4 net jumps three times - Govt plans to make 30% sourcing from MSEs mandatory - Explain ways to cover govt loss on 3G roaming: TDSAT to telcos - Magma Fincorp plans to start gold finance biz in H1 of FY13

Tags : Baddi industrial hub | MacDonald | Panacea Biotech   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  We live for our family. have you secured them? -  Office 365 for professionals and small businesses. -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...