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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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