Date:04/03/2005 URL: http://www.thehindubusinessline.com/2005/03/04/stories/2005030400801700.htm

Back Kerala looks to NRI funds for nanotech centre

Our Bureau

Thiruvananthapuram , March 3

THE Norka-Roots Development Initiative of the Department of Non-Resident Keralite Affairs (Norka) will promote the proposed nanotechnology centre, claimed to be the first such in the country, being set up here.

Announcing this here, Mr M.M. Hassan, Chairman of Norka, said here that the project that deals with cutting-edge technology would entail an investment of an estimated Rs 300 crore in phases.

"We look forward to liberal patronage of the non-residents in mobilising the required capital," Mr Hassan said.

The nanotechnology centre is part of the `one-year intensive development drive' announced by the Chief Minister, Mr Oommen Chandy, on February 14. Land admeasuring to 10 acres will be provided for the project in the capital itself, according to Mr Jiji Thomson, Secretary, Norka. The centre would have latest facilities to conduct research in the field of nanotechnology.

Nanotechnology is all about precise manipulation and control of atoms and molecules to create novel structures with unique properties. This technology requires detailed understanding of physical processes across a range of disciplines at the scale of one billionth of a metre.

The goal is to produce new materials, devices and systems tailored to meet the needs of a growing range of commercial, scientific, engineering and biomedical applications, opening up new markets and giving dramatic benefits in product performance.

Thiruvananthapuram-based scientist/technologist brothers Dr Ajithkumar V.S. and Dr Arun V.S., who originally mooted the project, said they have already been assured of contributions to the tune of Rs 75 crore needed for the project. More such offers are in the pipeline.

The capital city is believed to have the required intellectual pool and the backup of at least five internationally reputed institutes. The centre would help coordinate research work in diverse streams under one umbrella.

This would translate into significant job opportunities not just for nanotechnologists but also biotechnologists, engineers, IT professionals, doctors and technicians. At least 200 jobs will be created at the centre during the first six months.

Dr Ajithkumar said nanotechnology would command a market space of estimated $1.5 trillion by 2007-08. The aim is to bring at least a part of this huge market to the country. Setting up of the centre will provide it with the early-bird advantage.