Alexandria Real Estate is best known in biotech circles for its U.S. developments. But an Indian newspaper says that the developer is laying out plans for a sprawling R&D complex and life science incubator on 25 acres next to Tata Motors' Nano project in Sanand.
"After putting up the facility, it will go in for marketing its space. It will surely attract top biotech players," a government official told the Economic Times. "Alexandria has agreed to put up its facility on the condition of zero discharge of effluents. This is particularly important, as the area near Nano (a low-cost minicar) does not have any effluent disposal pipelines."
Alexandria has built a number of life sciences developments around the U.S. It's also invested in U.S. biotech companies.
- read the story in the Economic Times