The Kerala State Industrial Development Corporation (KSIDC), celebrating its 60th anniversary, is in talks with both government agencies and potential knowledge partners for setting up a ‘fill and finish’ facility for COVID-19 vaccine and later, a full-fledged vaccine manufacturing facility at its Life Sciences Park in Thiruvananthapuram.
M.G. Rajamanickam, managing director, KSIDC, said on Tuesday that the initial facility would involve a small investment though the second phase could see investments to the tune of ₹300 crore to ₹400 crore. The government agency is in talks with potential partners for investments after the State government constituted a working committee on vaccine production.
The proposal for the vaccine production unit is part of the KSIDC’s efforts to turn Kerala into a major medical and healthcare destination. The government agency, established in 1961, is already in the midst of setting up a medical instruments’ production unit in collaboration…
