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ICICI Knowledge Park

The new ICICI Knowledge Park in Hyderabad offers world-class infrastructure and support facilities for business driven research in India, a country that offers an inexpensive source of knowledge workers, the Industrial Credit and Investment Corporation off India claims.

It has come up at Turkapally, 40 kms from Hyderabad, and is a pioneering concept in the country aimed at creating an international environment in which scientists and researchers can work at ease.
The park, developed jointly by ICICI, a premier financial institution, and the Andhra Pradesh government, is trying to attract knowledge intensive industries like biotechnology, bulk drugs, pharmaceuticals, information technology (hardware), agro industries and new materials.

Talks are on with a number of multinationals and Indian companies that have evinced keen interest in opening research and development centers. The potential tenants are multinational companies, commercial research and development companies and non-resident Indian who have innovative ideas but no time to set up research centres.These potential tenants have their own research and development centres on the park campus or can use the laboratories already existing in the park. A number of multinational corporations like Glocham Industries Ltd and Britain-based CBZ Chemicals have shown an interest in establishing a joint research facility.Affymax Research Institute, the US-based pharmaceutical laboratory, and another US based company, Cynamide Agro Ltd, have also shown the interest in the knowledge park.The low cost of research and abundance of scientific and research manpower in India is expected to attract many MNCs.

Companies around the world are looking to India as a preferred source for knowledge workers and the cost of research in India is one-third of what one spends in the US. Ready built laboratories, each 3,200 sqft in area, uninterrupted power supply, fibre optic network for high-speed data transfer, instant telephone connections, secondary effluent treatment plant with refuse disposal are available at the park, which also ensures immediate clearances from the state government departments and also facilitates science and technology services.

The park also seeks to build a knowledge network to facilitate collaborative research and knowledge sharing with world-renowned academic and research organizations in the country.

It has signed memoranda of understanding (MoUs) with 15 organisations including those located in Hyderabad like University of Hyderabad, the Indian Istitute of Chemical Technology (IICT), the Centre for Cellular and Molecular Biology (CCMB) and the National Institute of Nutrition.