Date:30/10/2008 URL: http://www.thehindu.com/2008/10/30/stories/2008103056611900.htm

Business - Briefly

Bharat Bio to develop BT-IT park in Orissa

HYDERABAD: Bharat Biotech International Ltd. (BBIL), will develop a ‘biotech pharma IT’ project in Orissa under public-private partnership (PPP) mode. The park, estimated to cost Rs. 100 crore, is located on Mouza-Andharua, Bhubaneswar, and will be completed in eight years. Chairman and Managing Director of BBIL Krishna Ella said in a release that Bharat Biotech would form a special purpose vehicle (SPV) to develop the BT-Pharma-IT Park at Andharua. — Special Correspondent