Six Foreign Investors to Make Drugs in Tanzania
while addressing the National Assembly, yesterday, the Tanzania Trade and Investments Minister, Mr. Charles Mwijage, disclosed that Six companies have expressed interest to invest in the pharmaceutical and medical equipment manufacturing, and named the potential investors as JNS Solution,
which will come up with 1V Fluid and China Dalian International Economic Development Group Co. Limited that will bring in the medical equipment factory.
Others are Zinga Pharmaceutical Limited, the producer of various medicines; Boryung Pharmaceuticals Co Limited, a Korean company that manufactures anti-biotics, Aga Khan Foundation Network for manufacture of pharmaceuticals, as well as Hainan Hualon for production of medicines.
According to the minister, the government has tasked five public institutions to come up with conducive investment environment for private investors seeking to inject their resources in the pharmaceutical and medical equipment industry, and The tasked institutions are the Medical Stores Department (MSD), National Health Insurance Fund (NHIF), Tanzania Investment Bank (TIB), Tanzania Food and Drugs Authority (TFDA) and Tanzania Industrial Research and Development Organisation (TIRDO).
Mr Mwijage was answering a question by Khadija Nassir Ali (Special Seats – CCM), who wanted to know why the government imports drips instead of setting up factories in each hospital to produce the product. Responding, Mr Mwijage said among the products which are expected to be produced by the industries will be 1V1 Fluids and gauze, which will be manufactured from cotton.