Visakhapatnam

Plan to establish hub for cancer research in Vizag

A high-level team from America-based Elixsys and noted companies in cancer care will be in the city shortly to explore developing a world-class cancer research park in Visakhapatnam.

Named Vyas Cancer Park (VCR), it is aimed at making the park a prominent hub for cancer research.

The project was cleared by the Empowered Committee of Secretaries, which, vide GO Ms. No. 148 dated October 31, 2016, had recommended the AP Industrial Infrastructure Corporation (APIIC) to develop a joint venture model for the project and place it before the Cabinet, if required, for approval. The aim of the project is to create a comprehensive life science ecosystem that specialises in bringing together various stakeholders from around the world to undertake research in the VCR Park.

Project cost

The GO says the park is proposed in 350 acres with an investment of ₹3,035 crore. The promoters promise direct employment for 12,000 and indirect jobs for 17,500.

The promoters of the project, experts from all over the world, and State government officials, along with Ministers, will attend a conference being held here on February 17 and 18 to discuss about cancer research and progress with regard to establishing the park.

One of the organisers told The Hindu that they would focus on exploring advances in cancer research, offering cost-effective healthcare and creating job opportunities for many. “The primary objective of the conference is to create alignment between the leadership in industry, academia, clinical care, start-ups, and government, and design innovative initiatives to improve clinical outcomes for cancer patients. The forum will provide a unique opportunity for all the delegates to showcase their expertise and participate in creative problem solving,” he said.

Promoters’ wish list

The promoters, as per the GO, have sought 100% reimbursement of stamp duty for purchase of land for industrial use, uninterrupted power supply at concessional tariff, conversion charges of land to be reimbursed to the extent of 100%, tax holiday for 10 years, and road network connecting highway with industrial sites.

The project also figured at the meeting of the State Investment Promotion Board, which had agreed to extend incentives as per the Biotechnology Policy for 2015-20.


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Printable version | Jan 21, 2022 8:45:30 AM | https://www.thehindu.com/news/cities/Visakhapatnam/plan-to-establish-hub-for-cancer-research-in-vizag/article22652216.ece

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