Thiruvananthapuram: Kerala Govt under Kerala State Industrial Development Corp (KSIDC) plans to start Life Science Park at the cost Rs 300 Crores.
Developed under public private partnership model, the park will come up in a sprawling area of 260 acres at Thonnakkal, a KSIDC release said. The KSIDC has premeditated a separate company, Trivandrum Life science park Co, for the developmental aspects of the park.
The park will have an incubation centre, a technology development centre, biotechnology companies, and drug discovery companies, pure play firms and also contract research-outsourcing units.
The park provides solution to the IT related needs of the rapidly emerging Life Science Industry and draws huge investments in related areas.