Thiruvananthapuram, (IANS) : The KSIDC, the nodal investment promotion agency of the Kerala government, has tied up with Cornell University, US, to set up a Life Sciences Park in Thiruvananthapuram.

The two sides inked a Letter of Intent (LoI) for the park, said a Kerala State Industrial Development Corporation (KSIDC) release issued here on Friday.

The agreement will allow KSIDC to source expertise from the university in agri, food, biomedical, veterinary and industrial biotechnology segments for the projects expected to come up in the Life Sciences Park.

Cornell University is globally acclaimed for its strength in these sectors.

The top officials of the two organisations met up at the ongoing BIO 2017 convention in San Diego, US, the release said.

BIO is the largest annual global event for the biotechnology industry and attracts the biggest global biotech companies. It offers networking and partnering opportunities in the biotechnology and life sciences sectors.

KSIDC also hopes to identify resourceful investors, particularly NRIs, for taking up ventures in the life sciences sector in Kerala.