Following is an excerpt from a Business Standard report in sify.com.

Construction work on the Rs 100-crore Konark Knowledge Park, a biotech-pharma-IT hub, being developed by Hyderabad-based Bharat Biotech International Limited on around 65 acres of land at Andharua on the outskirts of the city, is set to take off by March 2011.

"The biotech park would have all statutory clearances within four months and construction work will begin soon after that", an official source told Business Standard.

… The land leveling for this project is already over and efforts are underway to provide piped water and power supply to the park.

The park is set to be completely operational within eight years of the commencement of construction work.The park would have a Biotechnology Incubation Centre spread over 10 acres. The incubation centre to be developed within the park would cater to the needs of the researchers, entrepreneurs and students.

The Centre would provide equipment called the biotech incubator worth Rs 25 crore for the incubation centre.The biotech industry in the country is growing at a very good pace and this incubation centre is set to emerge as a Centre of Excellence.

The Konark Kowledge Park is the first of its kind venture to be developed on the public private partnership (PPP) mode in the state in the field of science and technology.

… The Industrial Infrastructure Corporation of Orissa (Idco) has been appointed as the nodal agency for the development of this integrated park would provide all external infrastructure facilities like roads, water supply and electricity for this complex.