Telangana Life Sciences Industrial Infrastructure Fund
The Government of Telangana has proposed to set up an INR denominated Alternate Investment Fund vehicle (AIF) under Security and Exchange Board of India (SEBI) Regulations, 2012. The envisaged fund, TLSIIF, will be structured as a REIT or InvIT or any other similar vehicle, under the SEBI regulations and is expected to have a targeted fund size of INR 1,000 Crores over an investment period of 5-6 years. The fund is created to offer high-quality turnkey factories, R&D laboratories, incubation centres and warehousing parks as a plug-n-play leasable infrastructure of international benchmark to the life sciences companies investing in the state. The broad objectives of TLSIIF are:
- Invest in development of world class turnkey / modular facilities per specialized requirements of life sciences industry
- Develop a portfolio of specialized infrastructure mix to include life sciences incubators, pilot plants, R&D laboratories, clean tech manufacturing facilities, warehousing and integrated flatted factories
- Seek return on investment through suitable targeted annual yield achieved by rentals from tenants in the developed facilities