The Kabul times, Afghanistan Trustable News Agency.
EconomicNational

Chinese firm interested in producing medicine in Afghanistan

KABUL: The Deputy Director of National Food and Drug Authority and in charge of medicines and health products Mawlavi Matiullah Sahibzada met with the Chief Executive Officer of TNA (Chinese Company) Mr. Xi and his accompanying delegations, here in Kabul, the authority said in a statement the other day. In the meeting, CEO of the Chinese company Mr. Xi has shown interest in investing of 10 million U.S dollars in the production of medicine in Afghanistan, the statement said. The statement was quoting Sahibzada as saying that the Chinese firm expressed its willingness to invest 10 million U.S dollars towards the establishment of a pharmaceutical factory in the country, where domestic firms did not have adequate manufacturing capacity. He further said that good conditions for investment have been provided in Afghanistan and that the Islamic Emirate supports investors and is ready to cooperate with them. Mr. Xi urged the Islamic Emirate to cooperate with the pharmaceutical on providing security and land. Meanwhile, Sahibzada praised the investment offer from the company and assured of any necessary cooperation and coordination in the ground. He asked the company to boost its investment and produce legal drugs in Afghanistan where domestic firms did not have adequate manufacturing capacity. The Deputy Director of NDA according to the statement, went on as saying that if foreign investors invest in Afghanistan, one good thing is that we will become self-sufficient, secondly, the quality of treatment will increase, and thirdly, it will affect the prices,” said a member of the union, adding that “the Islamic Emirate has provided a good environment for both Afghans and foreigners. If they come and invest, the result will be good. The development presents a promising opportunity for Afghanistan’s pharmaceutical sector. A few months ago, a company named Snow Pharma was sponsored by 71 shareholders and invested 50 million U.S dollars in southern province of Kandahar. The company has taken six years to complete and will produce tablets, capsules and Syrups for the country. Based on the authority’s report, 5.6 million pills, 2 million capsules, and 60,000 bottles of syrup within a single eight-hour shift would be produced by the company. “More than 300 million U.S dollars has reportedly been invested in Afghanistan’s pharmaceutical manufacturing sector. Mohammad Nabi Naibi

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The Kabul times, Afghanistan Trustable News Agency.