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Santara Valley Will Become State-significance High-Tech Centre 

September 15, 2009, LDA
Producers of medical techniques and solar batteries are ready for investments into Visoriai Information Technology Park (VITP), located in the science and technology valley “Santara” – the area acknowledged by the Government of Lithuania as a state-significance economic project, announced the business daily “Verslo žinios”.

According to businessmen, the total value of the planned investment projects is EUR 57 million, and it is expected to create about 350 new jobs. Until the end of 2010 the American-owned company Viltechmeda plans to open a 3,000 sq.m. premises for company’s research and development (R&D) activities, and also to establish a European service centre which will manufacture high added value medical equipment, as well as to launch the operations of a logistics centre in the territory. BOD Group, manufacturing CDs and DVDs, also has plans to build a solar panel plant and RD facility of 8,000 sq.m. BOD Group’s investments will reach more than EUR 28.9 million.

The state-significance economic project status liberates businesses from various business establishment related and other procedures and provides private investors with a right to invest, build, and register their property in a special business area, such as the “Santara” Valley. Companies setting up in this territory will able to lease a land plot to build manufacturing facilities on very favourable terms.

Currently there are 10 enterprises and organizations and 700 IT specialists working in the “Santara” Valley.