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Stone laid for KINFRA park

Staff Reporter

Chandy says Government will promote biotechnology

KOCHI: The Government is considering giving special concessions to promote biotechnology, the Chief Minister, Oommen Chandy, has said.

Laying the foundation stone for the KINFRA (Kerala Industrial Infrastructure Development Corporation) biotechnology park at Kalamassery today, Mr. Chandy said the State was lagging behind in biotechnology, which had several applications in agriculture. The situation should change and the Government was ready to extend support for the same, he said.

The State has become investment-friendly. Close on the heels of the Smart City project, new foreign investment proposals have been received. A team from Qatar would tour the State from June 9. The team would visit Kochi on June 10 to explore the investment avenues. A special committee had already been formed to deal with the development projects of Kochi, the Chief Minister said.

Development projects could not be abandoned on the ground of allegations. But if there are specific complaints of corruption, it could be examined and investigated, he said. The Minister for Industries, V.K. Ebrahim Kunju, who presided over the meeting, said the biotechnology park would have a single window clearance facility. The park would be spread over 50 acres. Another 50 acres have been earmarked for an international convention-cum-exhibition centre with private participation. An academic centre is another proposition. A master plan for 240 acres of land in possession of KINFRA at Kalamasserry had already been prepared.

T. Balakrishnan, Principal Secretary, Industries Department, said Rs. 40 crores would be the investment for the initial phase of the park. An incubation centre estimated at Rs. 23 crores would come up first for which the Union Government had sanctioned Rs. 11 crores, while the State Government's share would be Rs. 12 crores.

K. Mohammad Ali, MLA, and M.K. Pavithran, municipal chairman of Kalamasserry, were among the dignitaries present.

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