Inauguration of Glocare Pharma (9 March 2022)

Last Updated on March 16, 2022

HE Dr. Ayele Teshome, State Minister for Health inaugurated Glocare Pharma at the Kilinto Industrial Park in Addis Ababa. This Indian factory was the first factory inaugurated at Kilinto Park. Other dignitaries who attended the inauguration included Ms. Heran Gerba DG for EFDA, Mr. Sandokan Debebe CEO of IPDC, Daniel Waktole President of EPMSA and Mr. Daniel Teressa of Ethiopian Investment Commission.

So far, Cadilla Pharmaceuticals and Kilitch Estro are the two JVs (Indian & Ethiopian investors) in pharma sector in Ethiopia. Glocare Pharma was the first standalone Indian investment in pharma sector in Ethiopia. Africure is another JV (Indian & Ethiopian investors) in pharma sector at Kilinto Industrial Park and is at advance stage of construction. 1-2 Indian pharma companies have been allotted space at Kilinto Industrial Park.

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Last Updated on: February 9, 2024 @ 5:01 pm