Medical Plastic Data Service Magazine



Our 28th Year of Publication
Page  4 of 4

Cover Story

Bio 360°Life Sciences Park (LSP) and MedSpark In Thiruvananthapuram, Kerala

Government of Kerala, through its premier Industrial Promotion agency Kerala State Industrial Development Corporation (KSIDC), is establishing a state- of-the-art Bio 360° Life Sciences Park in 200 acres of land at Thonnackal in Thiruvananthapuram with all support infrastructure facilities, to provide impetus to Life Science Sector.


The Honourable Chief Minister of Kerala has inaugurated the commencement of work of the Medical Devices Park (MedSpark) in a function chaired by the Minister for Industries, held on 24th September 2020, in the premises of the Bio 360o Life Sciences Park, Trivandrum. The Honourable Chief Minister has expressed confidence that with the functioning of the Life Sciences Park and the MedSpark, Trivandrum will position itself as the important hub of Medical devices and Life Sciences industries in the country.


KSIDC, in association with Sree Chitra Tirunal Institute for Medical Sciences & Technology (SCTIMS&T) is jointly developing a Medical Devices Park (MedSpark) at a project cost of Rs. 260 crores, in 9 acres of land in the Life Sciences Park, as a comprehensive entity where medical device innovators can engage in the end to end process of ideation to marketable product. The Medical Devices Park (MedSpark) would be focusing innovation in high-risk medical devices mainly implants and extracorporeal devices, the sector in which the SCTIMST has considerable expertise and experience. The proposed medical devices park has unique advantages in terms of its location and involvement of SCTIMST as technology partner, which no other medical devices park in other parts of India can offer. The Med- Spark will have facilities like Prototyping & Incubation Centre, Knowledge Resource Centre, Animal House, etc.



The park is strategically located along National Highway and close to both Thiruvananthapuram International Airport and the proposed Vizhinjam International Sea Port and would be a focal point for convergence of research innovation and skill development to further advance the frontiers of science.


The Life Sciences Park has been conceived as a cluster of industries and R&D institutions in the Life Sciences Sector, which includes Biotechnology, Pharmaceuticals and Medical Devices & Diagnostics. The Park would provide developed plots for large and Integrated Life science based companies to set up their campuses and ready-to-use modular officers, wet and dry lab space for intermediate, small and start up companies. The first phase of the project is coming up in around 75 acres of land, while the second phase is planned in about 123 acres of land.


KSIDC has almost completed the land development and basic infrastructure development works of the first phase of the project by providing dedicated power supply system with a capacity of 6MVA, dedicated water supply lines capable of supplying 1 MLD of water, internal road network, drainage system etc.


The expenses for land acquisition and developments in Phase-I, total expense of Rs. 374.73 Crores is envisaged . Of the total 75 acres of land in Phase I, KSIDC has in possession 69.75 acres and Infrastructure development & common facilities are developed in 17 acres. The land acquisition for the second phase of LSP is in final stages.


The cost of the project, (i.e, Rs 260 Crores) includes technical know-how fee of SCTIMST (Rs 15 Cr) and land cost of KSIDC (Rs 15 Cr), which will be treated as equity contribution of two agencies on 505:50 basis. The balance Rs 230 Cr will be funded as follows:


GoK - for civil works – Rs. 150 Cr GoI – Plant & Machinery – Rs. 80 Cr (Niti Aayog, Dept. of Biotechnology, Dept of Pharmaceutical and Dept of Science & Technology).

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