The Kerala government will buy 15 acres of land from FACT at Kalamassery to construct the Science Park in association with Cochin University of Science and Technology (CUSAT). The Department of Science and Technology has submitted an application before the FACT board for buying the land and the construction for the Science Park will start once the FACT board gives the clearance.
Industries Minister P Rajeev, who held a preliminary round of discussions with the authorities concerned on the proposed Science Park, said the Park will become a reality soon. “The state government has allocated Rs 1000 crore in its budget to set up the Science Parks in various districts in the state. The first three parks will come up in Thiruvananthapuram, Kochi and Kannur at a cost of Rs 200 crore each,” he said adding that the government had approached FACT for Rs 15 acres of land for setting up the park because there was paucity of land available at CUSAT campus for the same.
“A Detailed Project Report (DPR) has been prepared. The Science and Technology Council is the lead agency for the construction of the Science Parks. The government will buy 15 acres of land from FACT at market rate. The Science Park will be beneficial for both the FACT and the CUSAT,” he added.