Hyderabad-based Bharat Biotech International Limited which is developing the Rs 100-crore bio-tech park under the banner, Konark Knowledge, on 65 acres of land at Andharua on the outskirts of the city would soon submit the master plan for the project and open its city office to expedite the project.

“The authorities of Bharat Biotech recently had talks with the state government and the Industrial Infrastructure Development Corporation of Orissa (Idco) on the execution of the lease cum development agreement and the incubator workplan for the project. We have asked Bharat Biotech to prepare a master plan and start work soon on the project”, said state minister for science and technology Ramesh Chandra Majhi.

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The park is set to be completely operational within eight years of the commencement of construction work.

The park would have a Biotechnology Incubation Centre spread over 10 acres. The incubation centre to be developed within the park would cater to the needs of the researchers, entrepreneurs and students.

The Centre would provide equipment called the biotech incubator worth Rs 25 crore for the incubation centre.

The biotech industry in the country is growing at a very good pace and this incubation centre will emerge as a Centre of Excellence.

The Konark Kowledge Park is the first of its kind venture to be developed on the public private partnership (PPP) mode in the state in the field of science and technology. The foundation stone for this park was laid by the state chief minister Naveen Patnaik in October last year.

The park is expected to accelerate the growth of entrepreneurship in the areas of biotech, pharma and IT and help nurture local talent in these areas besides promoting technology based research and development.

Idco has been appointed as the nodal agency for the development of this integrated park would provide all external infrastructure facilities like roads, water supply and electricity for this complex.

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