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MIDC, Chatterjee group tie up for biotech park

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MUMBAI, Oct. 31

THE Maharashtra Industrial Development Corporation (MIDC) is expected to partner with Kolkata-based The Chatterjee Group to set up a biotech park in Pune.

Mr Surendrakumar Bagde, Joint CEO (IT), MIDC, said that the corporation would shortly be entering in to a joint venture with the Chatterjee Group to develop the 100-acre park. "We are working out the modalities of the joint venture and things should be finalised in the next couple of weeks. Once the agreement is signed, the first phase of development, spanning two and half to three years, will begin."

Mr Bagde was speaking on the sidelines of a CII-Maharashtra press conference held here to announce two events— New Age Biotechnology in Maharashtra and Digital Maharashtra — to be held in Mumbai on November 14 and 18 respectively.

Mr Bagde also said that the State Government was working on a draft policy focusing on IT-enabled services (ITES) and telecom. "But at present no fixed time frame can be given as to when the policy will be released. The basic objective of the policy is to make the operations of the ITES industry more efficient. It will look in to various aspects related to the industry including telecom issues. Hence, inputs are being sought from all stakeholders and associations. We have already spoken to telecom operators, Nasscom, MAIT and are awaiting a feedback from CII."

Speaking on the two events, Mr Ganesh Natarjan, Chairman, CII-Maharashtra and Managing Director, Zensar Technologies, said, "The objective of the biotech conference is to create awareness about emerging areas in the field, strengthen links between industry, academia and Government institute and to provide a communication and marketing network for bio-science community."

Digital Maharashtra conference, on the other hand, will aim at showcasing Maharashtra's IT advantage, deliberate on issues related to IT services, ITES and e-governance

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