Mr. Rajan said the one million sq ft development will be in addition to a portfolio being acquired by Ivanhoe Cambridge in Genome Valley. The proposed development, expected to be completed in 18 months, would come up in MN Park. Ivanhoe’s investment in MN Park is in line with its strategy of focusing on sectors that foster innovation and long-term growth fundamentals. Genome Valley is India’s first and largest cluster for life science R&D and clean manufacturing cluster housing more than 200 life sciences companies. It will receive investment from Ivanhoe Cambridge and Lighthouse Canton in an 80:20 ratio respectively.

Source: The Hindu July 07, 2021 16:18 UTC