US Firm offers $4 bn investment in UP
Boston-based Investment Corporation of International Biotechnology has offered to invest $ 4 billion in Uttar Pradesh to set up of a 5,000-acre biotechnology park and bio-pharma campus between the state capital and Kanpur. The proposed endeavour aims at developing Lucknow as the country's biotech hub and attracting leading companies to set up their research and production facilities at the campus. The ICIB proposal is already under consideration of the Uttar Pradesh government, P K Seth, Lucknow Biotech Park CEO, has said.
June 18, 2005