BT Parks - North

Chhattisgarh

Chhattisgarh has been making a constant effort for all round development of the state in the biotechnology.

Chhattisgarh enjoys a unique position in the fields of agriculture, healthcare, and sericulture. The state houses an important part of India's biodiversity, approximately 44 per cent of the geographical area of the state is under forests cover. Biotechnology policy of Chhattisgarh was formulated in the year 2003. Since then, the Government of Chhattisgarh has been making constant effort for all round development of State in this arena. For Industrial development, state has prioritized the 'BT-Park' as the backbone of the concept. Tasks identified in these Bt Parks, besides providing employment to local residents, are value addition/consumption of local resources, develop infra-structure for industries, and develop system of local procurement. The major prioritized areas are- agriculture, nutraceuticals and pharmaceuticals.

Time-lines

After the constitution of Chhattisgarh infotech and biotech promotion society (Chips) in Chhattisgarh, need for a local BT Park was felt. BCIL New Delhi was given the task to propose a detailed project report (DPR) for this. Land of 50 Hectares is identified for the park and 2-3 companies are being tested on pre-identified norms, to be awarded as the anchor company. Time needed may be around 6 months.

Investments required

The budget of the park mentioned in DPR is approximately Rs. 38 crore. Private organizations will be encouraged to invest in the park. Companies will be invited in two ways: in the form of an anchor company, or a subsidiary company working in terms and conditions agreed upon with the anchor. Support in the form of subsidies, from different funding agencies and departments of Government of India will be initiated (wherever available/applicable) Equity will be decided by way of MOU/Agreements with the anchor company or the funding agency.

Future plans

It is planned that initially, the anchor company will invest, in form of purchasing and development of land, then will be free to resell it to BT companies (strictly). Government will facilitate for tax benefits, subsidy in infra-structure, confirming un-interrupted power supply, insuring broadband connectivity, increasing transport lines and intensity etc. Also, up to permissible levels, government will empanel companies of the park for government procurements of goods and services.