Chief Minister Oommen Chandy declared the Malabar Botanical Garden as the research centre, under the Kerala State Council for Science and Technology.
The C.M also laid the foundation stone for the Malabar Aquatic Bio-park project.
He said that the government sanctioned Rupees 3 crore for the development of the centre aimed to be beneficial for students and researchers.
Another Rupees 50 lakh has been allotted for the renovation of the road towards the garden.
Rupees three lakhs will be given to ten young research scholars as fellowship in the field of bio-diversity.
Minsiter for Agriculture K.P.Mohanan presided over the function.