Hyderabad: Axis Bank and BITS Pilani have signed a Memorandum of Understanding (MoU) to establish a ₹100 crore industry research, technology and innovation park at BITS Pilani’s Hyderabad campus. The initiative aims to strengthen India’s lab-to-market pipeline for deep-tech and healthcare innovation.
Facility Details
Funded through Axis Bank’s corporate social responsibility (CSR) grant, the proposed 120,000 square-foot facility will house laboratories, incubation spaces and shared infrastructure for academia, start-ups and micro, small and medium enterprises (MSMEs).
Focus Areas
The park will be situated near the Genome Valley life sciences cluster in Hyderabad. It will concentrate on life sciences, biopharma, healthcare and medical devices, supporting translational research, technology transfer and intellectual property management.
Governance and Support
BITS Pilani will oversee the research park’s governance and research agenda, while Axis Bank will support infrastructure development. The park is expected to facilitate affordable healthcare solutions and domestic capability building under the Atmanirbhar Bharat and Make in India initiatives.
Quotes from Leaders
Kumar Mangalam Birla, Chancellor of BITS Pilani, stated that the partnership would deepen research and entrepreneurship while contributing to societal solutions. Axis Bank Managing Director and Chief Executive Officer Amitabh Chaudhry noted that the collaboration reflects the bank’s commitment to ecosystems that address real-world challenges. BITS Pilani Vice-Chancellor V Ramgopal Rao said the park would enable faculty-led innovation and doctoral research. The MoU was signed in Mumbai.
You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad
Stay updated with the latest Hyderabad news. Download the TOI App.
About the Author
Swati Bharadwaj is a business journalist with 30 years of experience covering a host of sectors – right from technology, GCCs, talent, cybersecurity, pharma and biotech, aerospace and defence, BFSI, gems and jewellery to automotive, hospitality, infrastructure, retail, among others. She has worked with TOI and ET across multiple cities such as Hyderabad, Bengaluru, Pune and Ahmedabad.
