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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

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