Ozonegroup, a property developer from Bangalore, has announced the launch of ‘Jeevitham’ a pharma and biotech industrial cluster being developed on a sprawling 330 acres in Chikkaballapur, North of Bangalore which is a 30 minutes drive from the international airport.

The project christened ‘Jeevitham’ meaning “caring for life” is being developed with the patronage of the Karnataka Pharmaceutical Association. The cost of the project is estimated to be Rs 2,000 crore and Ozonegroup plans to invest about Rs 500 crore in the project. Apart from pharma companies, the park would also house allied industries like printing and packaging industry, analytical labs and R&D facilities. The park envisages providing employment opportunities to around 12,000 people.

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Jeevitham cluster is also integrated with amenities like ready-to-use warehousing facilities, truck terminal, weigh bridges, business centre, business hotel, amphitheatre, central park, residential quarters with a club house and gym, convenience shopping, bank and C&F (carrying and forwarding) offices, all integrated in a cluster.

Jeevitham would be developed in two phases. Phase 1 would be of about 275 acres and shall be ready for operations by the end of 2013. However, allotment to the industries shall begin by the third quarter of 2012 to enable concurrent development of the pharma industries.

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