The Tamil Nadu government is proposing a nanotechnology park, similar to the highly successful Hsinchu Science Park in Taiwan. |
The park, likely to come up near Chennai, will focus on hi-tech manufacturing in semiconductor foundries, chip assembly and testing, optoelectronics, solar cell technologies and nanotechnology. |
The nanotechnology park will require co-operation between governments, industry associations, companies, and research institutes and universities. It is a part of the state's efforts to achieve ICT Vision 2011, which will see Tamil Nadu's information and communication technology (ICT) industry growing to $30-33 billion from the current $6 billion. |
Recently, a Taiwanese team led by a top official of Hsinchu Science Park visited Chennai as part of the Indo-Taiwan bilateral cooperation efforts. |
The team, which met with business community and top officials of the state government, had proposed the "science park" concept. A detailed project report in consultation with the authorities of Hsinchu Science Park will be prepared for the proposed Nanotech park, according to a top government official. |
While an investment-friendly environment will be created to attract investments into the park, the state government will also explore the public-private partnership option for developing it. SIPCOT, the state nodal agency for land development, has been asked to identify land for the park within a radius of 70-80 km from Chennai, as access to the major city airport is seen as a critical factor for the project. The government is proposing to set up the park over 2,000 acres. |
To foster co-operation programmes between research and development (R&D) institutes and companies, two or three engineering and management universities would be co-located within the nanotechnology park, which would be equipped with a social infrastructure. A meeting with Anna University and IIT-Madras has already been held for co-operation in creating an ecosystem in the park. |
Complete product cycle companies such as R&D, design, marketing, and sales and service will also be encouraged to set up operations in the park. A separate location for companies in venture funding, component manufacturing, component distribution and office services like HR, legal, and finance and banking has been suggested. A delegation of power to the nanotech park administration committee for "one-stop operations" has also been proposed. |
The 1,430-acre Hsinchu Science Park, which is known as Taiwan's Silicon Valley, has been rated as one of the highly successful models to emulate hi-tech product development and manufacturing when compared with other models such as Eureka in Europe and Silicon Valley in the US, said the government official. |
The Hsinchu Science Park has close co-operation between the government and other stakeholders like industry bodies, companies and academic and research institutions. It was established by the Taiwanese government in 1980 to create a Silicon Valley-like environment, lure back the expatriate talent pool, facilitate investment environment and build a strong ecosystem between universities, development institutes and companies in the park. |
The Hsinchu Science Park currently has about 400 high-tech companies, including some of the big names, engaged in semiconductor, computer, telecommunciation and optoelectronic industries, aiding in transforming Taiwan into a high technology powerhouse. The park employs over 115,000 people and the turnover was about $30 billion in 2005. Companies in the park have to invest at least 4 per cent of their annual revenues towards R&D and product development. |