| Highly placed
sources in the state government said the policy
was being worked out and would be on the lines of
similar plans in Andhra Pradesh and Karnataka where
lucrative incentives are being offered.
A state rich
in bio-resources, Rajasthan has tremendous biodiversity
and has the highest livestock population offering
potential for animal husbandry and genetic engineering.
The state could create immense industrial activity
in biotechnology and modern biotech products involving
recombinant DNA based products and bioinformatics,
sources said.
Accordingly,
the state's development and financial institution,
Rajasthan Industrial Development and Investment
Corporation (RIICO), is considering developing state
of the art biotech parks in Jaipur, Jodhpur and
Bhiwadi.
RIICO would develop
high-class infrastructure in terms of developing
plots, providing continuous power, high-speed data
facility, roads and common testing facility in these
parks to be set up on 30 acres.
The corporation
has already decided to offer special land packages
for attracting biotechnology and bio-informatics
industries in the state. RIICO has reportedly decided
to offer land at 40 % of the prevailing industrial
rate in specially designated biotechnology zones
to companies having a turnover of over US$ 22.2mln.
To avail of the
concession, the companies would have to make a minimum
fixed investment of US$ 2.2mln on the allotted land
within a period of four years from the date of allotment.
General biotechnology
and bioinformatics units would be allotted land
up to five acres in specially designated zones.
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