Saturday, May 22, 2010

Kerala government permits Birlas to build Rs4,000-crore IT park

The Kerala government has given in-principle approval to the Aditya Birla Group to set up a Rs4,000-crore IT and Biotech Knowledge Park and a branch of Birla Institute of Technology and Sciences (BITS) at Kozhikode.

The Knowledge Park and the branch of BITS, are expected to come up on 320 acres at Mavoor in the suburbs of Kozhikode, at the site of a defunct pulp and fibre unit owned by Gwalior Rayons.

The state government considered the proposal a week ago and has given in-principle approval. Now the Birlas have to submit a detailed project report for final clearances.

The Knowledge Park will house non-polluting projects related to nano-technology, biotechnology and related cutting-edge research and development (R&D), knowledge process management, besides advanced information technology (IT) services.

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