Keystone Knowledge Park becomes first SEZ in North India for life sciences firms
The Gurgaon-based Keystone Knowledge Park becomes the first life sciences/ biotechnology SEZ in North India. The park offers facilities to research and innovation-driven companies.
The project envisions creating an integrated knowledge centre to attract research-driven businesses to northern India. It aims at enabling companies to integrate innovation, development and manufacturing at a single location for both the domestic as well as the international market.
The Keystone Knowledge Park has been developed by Mayar Infrastructure Development Pvt. Ltd., a subsidiary of the Mayar Group.
Spread over 170 acres, the first phase of the Keystone Knowledge Park project includes a 40-acre SEZ, housing a 250,000 square feet facility specially designed for research & development by India’s leading architects. The master planning for this world-class structure was done by Singapore-based Jurong International.
The knowledge park is designed to be a hub for R&D focused industries such as biotechnology, pharma, and life sciences. The structure combines aesthetics with functionality and is Leed Gold certified for its energy-efficient design. The ready-to-occupy, plug-and-play facility can accommodate over 2,000 scientists and offers laboratories, conference rooms, library, cafeteria, and adequate covered parking. An on-site customs office ensures ease in import and export of goods and services with a facility of single-window clearance.
The entire campus is well-connected by a systematic network of internal roads. The park’s robust utility infrastructure includes enhanced power with 100 per cent backup to meet R&D needs, assured water supply, and a top-notch security and surveillance system. A sophisticated ETP and STP system is in place to handle bio-waste.
The Keystone Knowledge Park also includes a wellness resort and a 9-hole golf course. The 170 acres also comprise industrial plots reserved for expansion by non-polluting industries, and 100 acres of land for the development of a low density eco-friendly colony.
Being a notified SEZ, the Knowledge Park enjoys a range of tax exemptions and concessions as per government rules. Companies operating from the park enjoy a 100 per cent income tax holiday for five years. Other benefits include exemptions in customs duty, excise duty, sales tax, service tax, purchase tax, stamp duty and registration fees, and stamp duty on mortgages, and an exemption on electricity duty.
With all its statutory and regulatory procedures and approvals in place, operating out of Keystone Knowledge Park promises to be a hassle-free experience for companies. In fact, new companies will also have the added advantage of getting complete administrative support until commencement of their operations.