Karnataka   

Phase-I of Bangalore Helix almost ready

Bangalore: The first phase of Bangalore Helix, Karnataka’s first biotechnology park near Electronics City, has almost been completed, Chief Secretary Sudhakar Rao has said.

Speaking at the inauguration of “Bangalore Bio 2008” here on Thursday, he said that the second phase, which would cost $100 million, would be completed in two years. The biotechnology sector had achieved 35 per cent growth in the past five years, he said, adding that Karnataka had become a preferred location for foreign investment.

A regulatory body to set standards and lay down guidelines, much on the lines of the American Food and Drug Administration, would be set up in less than two years.

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