Indonesia's Leading Phamaceutical Company Mulls Investing In Ethiopia

ADDIS ABABA, Dec 8 (BERNAMA-NNN-ENA) -- PT Sanbe Farma, Indonesia's leading pharmaceutical company, is keen to invest in the sector in Ethiopia, says its President Commissioner Dr. Jahja Santoso.

Prime Minister Hailemariam Desalegn received Santoso at his office here Tuesday and exchanged views on potential investments in Ethiopia and related issues.

This was followed by visits to some industrial zones as part of a feasibility study to invest in the pharmaceutical sector in Ethiopia.

The Ethiopian market is familiar with pharmaceuticals products from Sanbe Farma as the company has been exporting them to Ethiopia over the past 10 years.

Dr Santoso told journalists that his company was willing to invest in Ethiopia, adding: "We are now planning to do a feasibility study on those products to be manufactured here."

The company is planning to invest in the manufacturing of medicine for administration by injection which will be the first such investment in the field in Ethiopia.

The Asia and Oceania Affairs Director-General at te Ethiopian Foreign Ministry, Genet Teshome, who attended the discussion between Hailemariam and Dr. Santoso confirmed to journalists that there is so far no investment in the sector which will be a good opportunity for the Indonesian company.

Investment in the sector would facilitate import substitution of pharmaceutical products in Ethiopia.

Dr Santoso has also held discussions with the Chairperson of Industrial Parks Development Corporation, Dr. Arkebe Oqubay.

Founded in 1975, Sanbe Farma now operates in 20 countries.


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