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Keralam CM Assures Full Support To Life Sciences Investors
- •Chief Minister V D Satheesan assured complete support to investors and innovators in the fast-growing life sciences sector during the inaugural session of the Bio Connect 4.0 conclave.
- •The state government introduced the Saral Kerala mechanism to fast-track investment procedures and provide all clearances in one go.
- •The two-day International Life Sciences Industries Expo and Conclave aims to scale up industrial partnership, innovation, and investment in Keralam.
- •Three MoUs and four EoIs worth Rs 713 crore were exchanged during the opening session by leading industry players and institutions.
- •The event seeks to attract investors to the Bio 360 Life Sciences Park and strengthen industry linkages across the life sciences value chain.
Key Questions Answered
The two-day International Life Sciences Industries Expo and Conclave, Bio Connect 4.0, aims to scale up industrial partnership, innovation, and investment within Keralam's life sciences ecosystem. It seeks to attract investors to establish operations, particularly at the Bio 360 Life Sciences Park, and convert knowledge into discoveries and solutions.
The state government fast-tracked investment procedures by implementing a mechanism called 'Saral (Simplified and Accelerated Regulatory Approvals and Licenses) Kerala', which facilitates all necessary industrial clearances and permits at one go.
The opening session featured the exchange of three Memorandums of Understanding (MoUs) and four Expressions of Interest (EoIs) totaling an investment value of Rs 713 crore by leading players such as Bharat Biome Life Sciences, RGCB, and HLL Lifecare.
