BANGALORE, India Hotmail co-founder Sabeer Bhatia has signed an agreement with the regional government of Haryana state in northern India to help establish "Nano City," a technology hub modeled after Silicon Valley.
The enclave will cost over $400 million and will focus on nanotechnology, biosciences, software development , next-generation Internet products, materials research and energy.
According to a reports from Haryana on Thursday (Nov. 2), Bhatia's Nano Works Developers and the Haryana State Industrial and Infrastructure Development Corp. will be spread over 11,000 acres.
Bhatia worked in Silicon Valley in the 1990s when he help found Hotmail, the first free e-mail service.
"We foresee research establishments such as U.S. universities and [corporate R&D] centers, which have been the centers of innovation, carrying out multidisciplinary research and collective research with Indian centers of excellence in this Nano City," Bhatia said.