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TNs3rdbioparkcomingupinCoimbatore
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TamilNaduIndustriesMinisterMCSampathhandsoveraresearchpaperonIndoUSPartnershipConclavetotheUSConsulGeneralinChennaiPhillipA
MininthepresenceofLalitKanodia,president,IACC,andTNIndustriesSecretaryCVSankar(extremeleft)attheIndoUSPartnershipConclaveinChennai
onTuesdayBIJOYGHOSH
StatesindustrialclimatediscussedatIndoUSPartnershipConclave
Chennai,July19:
TicelBioparkIIIinCoimbatore,thethirdsuchparkinTamilNadu,isexpectedtobereadyin18months,saidTamil
NaduIndustrySecretaryCVSankar.
TamilNaduwasoneofthefirstStatestoestablishabiopark(TicelI)forpharmaceuticalandlifesciencesectorsin
2004,hesaidattheIndoUSPartnershipConclavethemarchtowards$500billiontradeorganisedbytheIndo
AmericanChamberofCommerce.
Projectcost
TicelBioParkIwasestablishedintechnicalcollaborationwithCornellUniversityoftheUSatacostof 54crorein
2004.Thesecondparkwasinauguratedatacostof 168crore.WorkonthethirdontheAnnaUniversitycampusin
Coimbatorehasbegunandtheprojectcostisestimatedat 55crore.
SankarsaidTamilNaduhasestablisheditselfasamajordestinationinsectorssuchasautomobilemanufacturing,
informationtechnologyandpharmaceutical.However,electronichardwarekindofthingsiswhatweneedtodomore
inthisState,hesaid,wooingpotentialUSbasedinvestors.
Jointventures
TheStatehasajointventurewithHindustanLifeCare.Theyhaveanintegratedvaccineprojectofaround 600crore
inChengelputnearChennai.Itisalsoplanningamedicalpark.
WeareworkingonjointventureswithoneoftheCentralgovernmententerprisesforlargescalepharmaceutical
ingredientparksandalsoinmedicaldevices,Sankarsaid.
Onaerospaceanddefencesectors,SankarsaidSipcotandTidcoarejointlydevelopinganaerospaceparkbetween
SriperumbudurandOragadamonaround250acresoflandwithadditionallandavailableforfurtherdevelopment.
Already,14companieshavebeenallottedland,andtheywillsupplytotierIandIIcompanies.ChiefMinisterJ
Jayalalithaahadmadeanannouncementregardinganadvanceddesignandcomputingcentre,whichisbeingsetupat
theupcomingaerospaceparktobeusedbycompanieslocatedinthepark.
Itwillbeuniquesellingpropositionofthisaerospacepark,hesaid.TheStatehasnearly90aerospacerelated
companies,headded.
$4billionFDI
IndustryMinisterMCSampathsaidtherearearound250USbasedcompanies,includingFord,Dell,Visteonand
Cognizant,operatingintheStatehavingbroughtincumulativeforeigndirectorinvestment(FDI)ofnearly$4billion.
Thesecompaniesareprovidingdirectemploymenttonearly1.75lakhpeopleandindirectlytonearly2.50lakh.
TamilNaduisoneofthemostpreferredinvestmentdestinations,hesaid.
11/9/2016 TNs3rdbioparkcomingupinCoimbatore|BusinessLine
(ThisarticlewaspublishedonJuly19,2016)
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