Biotechnology & Life Sciences

Bio 360 Lifescience Park
Bio 360 Lifescience Medspark
Bio 360 – Vaccine Production Center
Medicinal Plant Preservation & Processing Unit

Impact On The Economy

The growth of the IT sector has had a substantial impact on Kerala's economy. It has created numerous job opportunities, contributing to reduced unemployment rates. Additionally, the state's IT exports have been steadily increasing, adding to its revenue. As IT companies and startups flourish, they also attract investment, thereby further stimulating the economy.Kerala's IT sector is not just about software services; it has diversified into various niches. Some notable sectors include healthcare IT, cybersecurity, fintech, and e-governance. These niche areas cater to both domestic and international markets, generating revenue and employment opportunities.

• Kerala, being an acclaimed biodiversity hotspot, is poised and is advantageously placed to become the emerging destination for life sciences because of its rich bio resources, reservoir of medical flora and fauna, strong base of healthcare &
traditional medicine, emerging educational and research base, skilled workforce & human capital
• The Life Science Park envisages opportunities in Research & Development and Manufacturing in the Life Science sector encompassing agri-biotechnology, marine biotechnology, bioinformatics, biosimilars, biomedical devices, biopharmaceuticals
etc
• The park will be positioned as a Knowledge Centre of Life Sciences industries research institutions and sci-tech academia and is expected to attract investments (both domestic and foreign) in the related areas
• The project will establish a strong manufacturing base to cater to the ever-growing medical devices market and reduce costs of importing the devices

 

The BIO 360 Life Sciences Park is attractive with opportunities in R&D and Manufacturing in the Biotechnology/Life Sciences Science sector in Kerala.

Key features and offerings of the Park

  •  Common Infrastructure with state-of-the-art facilities
  •  Innovation & Incubation Centre with a built-up area of 3.3 lakhs sqft, capable to accommodate 20
     in cubatees.
  •  cGMP compliant bioprocess facility to be made available on time sharing basis.
  •  Ready to occupy built-up area for R&D and Manufacturing activities.
  •  Animal House, Disease Diagnostic Centre & Testing Facilities.
  •  Developed land for companies/institutions to set up their standalone R&D/ Manufacturing ventures.

Investment Avenues
• Access to shared infrastructure to aid and advance translational research
• Avenues for co-collaborating with industry on synergistic areas of research and enable quicker commercialization
• Dedicated park space and common infrastructure for medical technology companies will boost innovation and indigenous product development.
• The Bio 360 Park’s optimal proximity to both airport and sea port will be meritorious to an export- centric industry like medical technology and will bring about significant cost economics for export markets.
• Companies focussed on research areas of feed additives, veterinary diagnostics and biologicals would fall into the focus area of the park and align well with overall theme of less polluting industry segments and would find synergies in operating with the envisioned holistic ecosystem
• KVASU’s presence within the Bio 360 Park will provide significant synergy for animal health companies that co-locate

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Impact On The Economy

The growth of the IT sector has had a substantial impact on Kerala's economy. It has created numerous job opportunities, contributing to reduced unemployment rates. Additionally, the state's IT exports have been steadily increasing, adding to its revenue. As IT companies and startups flourish, they also attract investment, thereby further stimulating the economy.Kerala's IT sector is not just about software services; it has diversified into various niches. Some notable sectors include healthcare IT, cybersecurity, fintech, and e-governance. These niche areas cater to both domestic and international markets, generating revenue and employment opportunities.

• KSIDC, as a joint initiative with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), has conceived a Medical Devices Park (MedSpark) in 9 acres of land at the first phase of Life Sciences Park.
• MedSpark is proposed to create a support system for research and development,testing, pilot manufacturing, technology innovation and knowledge dissemination in the medical device domain.
• These services can be utilized by the medical device industries located within the park as well as those from other parts of India. This will be of immense value, particularly to small medical devices industries which dominate the medical devices sector.
• The uniqueness of this medical device park from the few other similar projects proposed in the country is that it will focus on the high-risk medical device sector involving medical implants and extracorporeal devices, the domain in which SCTIMST has considerable expertise and experience. The construction commenced in
September 2020.

The BIO 360 Life Sciences Park is attractive with opportunities in R&D and Manufacturing in the Biotechnology/Life Sciences Science sector in Kerala.

Key features and offerings of the Park


• A Medical Device Testing Centre with international accreditation.
• An R&D facility, the services of which would be shared by the entities within the MedSpark.
• AKnowledge Centre for skill up gradation in R&D, manufacturing, regulatory issues, clinical trials etc.
• A Technology Business Incubation Centre for promoting start-ups and early stage companies and
• A set of Modular Manufacturing Units for lease by the industries or land modules for setting up manufacturing units.

Investment Avenues


• The medical devices parks will provide the necessary infrastructure to the companies where they can easily come and install their setup. The parks will be a one-stop facility for manufacturing units through the creation of an integrated ecosystem to facilitate business, stimulate innovation and develop new
technologies and become a hub for medical technology sector.
• The technical partnership forged with the well-established and multi-disciplinary SCTIMST acts as a unique proposition for both forms of targeted residents.
• The medical devices park will also incubate Startups based on medical technology. The park will pave way for manufacturing of high-end medical devices which are currently being imported
• MedSpark within the Bio 360 Park would provide end to end infrastructure & ecosystem effort to support medical device & diagnostic companies from ideation through final product development & launch. It will provide companies the opportunity for synergistic cross collaboration with both academia and industry.
• Dedicated park space and common infrastructure for medical technology companies will boost innovation and indigenous product development.

 

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Impact On The Economy

The growth of the IT sector has had a substantial impact on Kerala's economy. It has created numerous job opportunities, contributing to reduced unemployment rates. Additionally, the state's IT exports have been steadily increasing, adding to its revenue. As IT companies and startups flourish, they also attract investment, thereby further stimulating the economy.Kerala's IT sector is not just about software services; it has diversified into various niches. Some notable sectors include healthcare IT, cybersecurity, fintech, and e-governance. These niche areas cater to both domestic and international markets, generating revenue and employment opportunities.

• Kerala was particularly vulnerable to new emerging and re-emerging viral infections during the recent decades. The state has been severely affected with the viral infections like Dengue fever, Hepatitis, mumps, measles, Kyasanur Forest Disease,
H1N1, Nipah fever, AIDS, Rabies etc at various points of time. Currently, the COVID 19 pandemic has also affected the state significantly. The State’s population need to be protected from these viral infections and this has created an additional need
for convenient, effective, and cost-sensitive vaccines to cater to the population.
• Bio 360 Life sciences park which is a cluster of research institutions, sci-tech academia and companies working in the field of biotechnology, nanotechnology and life sciences. The campus is spread over 198 acres, developed in 2 phases,
beside of the National High way 66, closely accessible from the International Airport, Railway Station and Sea Port. The Institute for Advanced Virology, a global centre for high end virology research has clinical virology and viral diagnostics divisions functioning in the Life Sciences Park Campus. It has come up as a
prominent institute among the very few functioning dedicated virology research institutes in the country, with state-of-the-art facilities.

 

Design and development of advanced vaccine production unit and storage facility.

Development of allied research anddevelopment facilities along with the production centre.

 

Special Package for Investors

• Subsidised land on lease for 60 years with a subsidy of 50% on the Lease Premium.
• Stamp duty exemption
• Financial Assistance by way of capital expenditure subsidy to cover upto 30% of the cost of equipment,plant and machinery subject to a cap of Rs.1 crore for the fill finish unit and Rs.5 crores for the vaccine manufacturing unit will be made available.
• Single Window Clearance and Fast Track Approval will be given for the project within 30 days of application.
• A Power Tariff subsidy of Rs. 2 per unit in the billed amount to the anchor vaccine manufacturing and fill finish File No.A3/122/2021-SandTD units at the Life Sciences Park will be provided.
• A Water charge subsidy of Rs.10 per KL in the billed amount for a period of two years from the commencement of operation will be provided. The subsidy amount will be reimbursed to the industries annually by the state government upon submission of
bills paid to Kerala Water Authorit

Investment Avenues

• The Government of Kerala proposes to develop a hub of Advanced Vaccine Manufacturing Units with allied Research & Development
facility inside the Life Sciences Park Campus in the city of Thiruvananthapuram.
• KSIDC has earmarked 20 acres of land as Vaccine Manufacturing Zone within the Bio 360 Life Sciences Park Phase 1 campus.
• The park has all basic infrastructural facilities like dedicated power supply system of 6 MVA capacity, Water distribution system of 1 mld
capacity, well laid out internal road network system with street lights and drainage system.
• Land shall be provided on lease basis
• Investor can avail Special Incentive package benefits

 

 

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Get to Know Us: Kerala's Investment Destination of Choice.

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KSIDC

Our vision at Invest Kerala is to see the state emerge as a beacon of economic vitality and innovation on both national and global fronts. We aspire to create an environment where every investor's dreams can take root

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Impact On The Economy

The growth of the IT sector has had a substantial impact on Kerala's economy. It has created numerous job opportunities, contributing to reduced unemployment rates. Additionally, the state's IT exports have been steadily increasing, adding to its revenue. As IT companies and startups flourish, they also attract investment, thereby further stimulating the economy.Kerala's IT sector is not just about software services; it has diversified into various niches. Some notable sectors include healthcare IT, cybersecurity, fintech, and e-governance. These niche areas cater to both domestic and international markets, generating revenue and employment opportunities.

• ~ 80% of the world population is dependent on medicinal plants for health care and 20% of the pharma drugs are of plant origin.
• ~4600 flowering plants in Kerala, about 900 possess medicinal values.
• Kerala is endowed with rich biodiversity because of its natural topography comprising of all three biomes – hills, plateaus and coasts. The state government has established R&D and educational infrastructure for further developing the
science of traditional medicine, and also took the lead in promoting health tourism which has been equally popular among Indian as well as foreign tourists.
• Medicinal plants have been identified as one of the thrust areas and different programmes have been initiated for conservation of medicinal plants found in the forests and protected areas as well as cultivation of these plants in the degraded
forest areas
• The Project (Hub) location is at the eastern side of Kollam district which is mostly agriculture dominated. Punalur is a hilly town and a municipality in Kollam district in the southern state of Kerala, India. It is the second largest town in Kollam and is
one of the industrial towns in Kerala. It is situated 45 km north-east of Kollam and 75 km north of Thiruvananthapuram.

 

Medicinal Plant Preservation & Processing Unit along with a Plantation & Knowledge Centre.

Development of allied research and development facilities along with the production centre.

 

Proposed Project Parameters

• Increasing interest by multinational pharmaceutical companies and domestic manufacturers of herbal- based medicines is contributing significant economic growth of the global medicinal plants sector.
• A processing plant capacity of 1000 TPA is proposed
• Medicinal Plant Preservation & Processing Unit is proposed in 15 Acres of land at Punalur, Kollam district
• Seeds and propagation material, water, power, internal roads, parking area, security, Sewage Treatment Plant (STP), landscaping, pedestrian streets and other services required for the complex.
• Estimated employment opportunity direct 100 and indirect 200
• The total project cost of setting up a Medicinal Plant Preservation & Processing Unit is INR 35 Crore
• Various government support initiatives from Central and State Government such as grants/ subsidies from Ministry of Agriculture, AYUSH etc. can be leveraged

Investment Avenues

▪ The growing demand for herbal products has led to a quantum jump in volume of plant materials traded within and across the countries.
Interest and support for the conservation and development of medicinal plants is increasing in all parts of the world.
▪ USA and Europe are the largest markets for herbal products, accounting for nearly two-thirds of the total demand. Medicinal Plants are
highly esteemed all over the world as a rich source of therapeutic agents for the prevention of diseases and ailments.
▪ Kerala is host to one of the largest number of quality treatment centers and the largest number of treatment methodologies. There are
18 Medicinal Plants Nurseries in Kerala.
▪ Major players in the Ayurveda sector are Kottakkal Arya Vaidya Sala, Kerala Ayurveda Pharmacy, Aluva and Nagarjuna.
▪ Kerala being instrumental in Ayurveda Science fosters multifold investment opportunities in the sector.

rightLeaf

Get to Know Us: Kerala's Investment Destination of Choice.

Exploring Kerala: Your Investment Journey Begins Here

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KSIDC

Our vision at Invest Kerala is to see the state emerge as a beacon of economic vitality and innovation on both national and global fronts. We aspire to create an environment where every investor's dreams can take root

Read More

Last Updated on: 17 July 2024സന്ദ൪ശകരുടെ എണ്ണം : 3056822