This will be the state's first biotech park and will come up on a 35-acre land, located 7 km from the industrial town of Nalagarh in Solan district. When completed, it will have a potential to attract investments of at least Rs 2,000 crore.
A top state government official told Business Standard that the business plan of the biotech park will be ready by the end of this month. Later, investors, including multinational companies, will be invited to the park.
The state town and country planning and the public works department have already cleared the project.