• KSIDC, as a joint initiative with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), has conceived a Medical Devices Park (MedSpark) in 9 acres of land at the first phase of Life Sciences Park.
• MedSpark is proposed to create a support system for research and development,testing, pilot manufacturing, technology innovation and knowledge dissemination in the medical device domain.
• These services can be utilized by the medical device industries located within the park as well as those from other parts of India. This will be of immense value, particularly to small medical devices industries which dominate the medical devices sector.
• The uniqueness of this medical device park from the few other similar projects proposed in the country is that it will focus on the high-risk medical device sector involving medical implants and extracorporeal devices, the domain in which SCTIMST has considerable expertise and experience. The construction commenced in
September 2020.

The BIO 360 Life Sciences Park is attractive with opportunities in R&D and Manufacturing in the Biotechnology/Life Sciences Science sector in Kerala.

Key features and offerings of the Park

• A Medical Device Testing Centre with international accreditation.
• An R&D facility, the services of which would be shared by the entities within the MedSpark.
• AKnowledge Centre for skill up gradation in R&D, manufacturing, regulatory issues, clinical trials etc.
• A Technology Business Incubation Centre for promoting start-ups and early stage companies and
• A set of Modular Manufacturing Units for lease by the industries or land modules for setting up manufacturing units.

• Kerala was particularly vulnerable to new emerging and re-emerging viral infections during the recent decades. The state has been severely affected with the viral infections like Dengue fever, Hepatitis, mumps, measles, Kyasanur Forest Disease,
H1N1, Nipah fever, AIDS, Rabies etc at various points of time. Currently, the COVID 19 pandemic has also affected the state significantly. The State’s population need to be protected from these viral infections and this has created an additional need
for convenient, effective, and cost-sensitive vaccines to cater to the population.
• Bio 360 Life sciences park which is a cluster of research institutions, sci-tech academia and companies working in the field of biotechnology, nanotechnology and life sciences. The campus is spread over 198 acres, developed in 2 phases,
beside of the National High way 66, closely accessible from the International Airport, Railway Station and Sea Port. The Institute for Advanced Virology, a global centre for high end virology research has clinical virology and viral diagnostics divisions functioning in the Life Sciences Park Campus. It has come up as a
prominent institute among the very few functioning dedicated virology research institutes in the country, with state-of-the-art facilities.

Design and development of advanced vaccine production unit and storage facility.

Development of allied research anddevelopment facilities along with the production centre.

Special Package for Investors

• Subsidised land on lease for 60 years with a subsidy of 50% on the Lease Premium.
• Stamp duty exemption
• Financial Assistance by way of capital expenditure subsidy to cover upto 30% of the cost of equipment,plant and machinery subject to a cap of Rs.1 crore for the fill finish unit and Rs.5 crores for the vaccine manufacturing unit will be made available.
• Single Window Clearance and Fast Track Approval will be given for the project within 30 days of application.
• A Power Tariff subsidy of Rs. 2 per unit in the billed amount to the anchor vaccine manufacturing and fill finish File No.A3/122/2021-SandTD units at the Life Sciences Park will be provided.
• A Water charge subsidy of Rs.10 per KL in the billed amount for a period of two years from the commencement of operation will be provided. The subsidy amount will be reimbursed to the industries annually by the state government upon submission of
bills paid to Kerala Water Authorit

• ~ 80% of the world population is dependent on medicinal plants for health care and 20% of the pharma drugs are of plant origin.
• ~4600 flowering plants in Kerala, about 900 possess medicinal values.
• Kerala is endowed with rich biodiversity because of its natural topography comprising of all three biomes – hills, plateaus and coasts. The state government has established R&D and educational infrastructure for further developing the
science of traditional medicine, and also took the lead in promoting health tourism which has been equally popular among Indian as well as foreign tourists.
• Medicinal plants have been identified as one of the thrust areas and different programmes have been initiated for conservation of medicinal plants found in the forests and protected areas as well as cultivation of these plants in the degraded
forest areas
• The Project (Hub) location is at the eastern side of Kollam district which is mostly agriculture dominated. Punalur is a hilly town and a municipality in Kollam district in the southern state of Kerala, India. It is the second largest town in Kollam and is
one of the industrial towns in Kerala. It is situated 45 km north-east of Kollam and 75 km north of Thiruvananthapuram.

Medicinal Plant Preservation & Processing Unit along with a Plantation & Knowledge Centre.

Development of allied research and development facilities along with the production centre.

Proposed Project Parameters

• Increasing interest by multinational pharmaceutical companies and domestic manufacturers of herbal- based medicines is contributing significant economic growth of the global medicinal plants sector.
• A processing plant capacity of 1000 TPA is proposed
• Medicinal Plant Preservation & Processing Unit is proposed in 15 Acres of land at Punalur, Kollam district
• Seeds and propagation material, water, power, internal roads, parking area, security, Sewage Treatment Plant (STP), landscaping, pedestrian streets and other services required for the complex.
• Estimated employment opportunity direct 100 and indirect 200
• The total project cost of setting up a Medicinal Plant Preservation & Processing Unit is INR 35 Crore
• Various government support initiatives from Central and State Government such as grants/ subsidies from Ministry of Agriculture, AYUSH etc. can be leveraged