Ticel Biopark III in Coimbatore, the third such park in Tamil Nadu, is expected to be ready in 18 months, said Tamil Nadu Industry Secretary CV Sankar.
Tamil Nadu was one of the first States to establish a biopark (Ticel I) for pharmaceutical and life science sectors in 2004, he said at the Indo-US Partnership Conclave – the march towards $500 billion trade – organised by the Indo-American Chamber of Commerce. Ticel Bio Park-I was established in technical collaboration with Cornell University of the US at a cost of Rs. 54 crore in 2004. The second park was inaugurated at a cost of Rs. 168 crore. Work on the third on the Anna University campus in Coimbatore has begun and the project cost is estimated at Rs. 55 crore. Sankar said Tamil Nadu has established itself as a major destination in sectors such as automobile manufacturing, information technology and pharmaceutical. “However, electronic hardware kind of things is what we need to do more in this State,” he said, wooing potential US-based investors.