Hot Male comes up with a "NanoCity"

One fine day we have a NanoCity being set up in India. The proposal is from the famous Desi Hotmail founder Sabeer Bhatia. Planned to be be set up in Harayana, the NanoCity promises to create technologies for the future. Gud news... ya maybe I am pretty sceptical frankly.
Can we put the Cart before the horse; with the Nanotech infrastructure almost zilch in this country how is he going to get the brain-power for the projects. If you count out the IITs & IISc there are almost no institutes with any good research/courses on Nanotechnology. Without good ideas how will there be start-ups coming up in the city. Nanotechnlogy companies in India are today very much in their infancy... well not even the diaper stage; with that kind of domestic presence how will new firms come up.

My best guess is that this is going to be another one of those outsourcing model IT cities. Hope things on ground contradict me...