Glocare Pharma Factory inaugurates at Kilito Industrial park
Glocare Pharma Manufacturing PLC, India’s company, has inaugurated its pharmaceuticals investment project at Kilinto Industrial Park.
As the country is importing approximately more than 85% of pharmaceutical products, this investment project is believed to add a significant value to the sector by substituting imports, contributing to export, creating employment opportunities, improving access to quality and affordable medicines, and transferring knowledge and skills pertaining to the industry.
Constructed at a cost of $5 million, Glocare Pharma Manufacturing PLC has a capacity of manufacturing 600 million medicines and 7 million syrups in a year.
The factory will provide 80% of its products to local markets and the rest will be exported.