Rs 100 crore biotech park to be set up in Mysore

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A Rs 100-crore neutraceutical and phytopharmaceutical (N2P2) project would be developed in Mysore, a key government official said.

The Vision Group on Biotechnology headed by Kiran Mazumdar-Shaw has recommended sector-specific biotech parks to be set up in Tier-II and III cities in Karnataka and this project is one such to be developed in Mysore, Principal Secretary in the Department of Information Technology, Biotechnology and Science and Technology, M. N. Vidyashankar told PTI here.

The private partner for development of this project has been selected following a tender process. The state Cabinet has given its clearance. The State government's major role in the project is to develop the R & D zone.

"JSS Mahavidyapeetha are the successful bidders for the project, estimated to cost about Rs 100 crore," Vidyashankar said.

He said the biotech sector faces talent shortage and to address this, the State government has initiated the BT Finishing Schools project.

As many as 12 educational institutions have been selected by a committee headed by Dr G. Padmanaban to establish such schools covering Bangalore, Mysore, Manipal, Mangalore and Gulbarga.