Bharat Biotech inks pact with Orissa govt to set up Rs 100 cr 'Konark Knowledge Park'

Bharat Biotech International has inked a pact with the government of Orissa to set up the ‘Konark Knowledge Park’ at a cost of Rs 100 crore. This is the first public-private partnership (PPP) project conceived under a development alliance between the company and a state government. The project aims to boost investments in the areas of biotechnology and pharmaceuticals in Orissa. 

The ground breaking ceremony was held at Mouza-Andharua, Bhubaneswar on 25 October, 2009 and was presided over by Orissa chief minister Naveen Patnaik. 

The government of Orissa has allocated 64.86 acres. Out if this, 30 acres is for the Phase I and 24.86 acres for phase-II of the project. This will also include 10 acres for development of Biotech Incubation Centre through a special purpose vehicle for development of an integrated industrial park to attract biotechnology, pharmaceutical, and information technology industries in Bhubaneswar.