Pi­ral­lahi In­dus­trial Park to pro­vide pop­u­la­tion with qual­ity medicines

Azer News - - Business - By Sara Is­rafil­bay­ova

The Pi­ral­lahi In­dus­trial Park will pro­mote sus­tain­able de­vel­op­ment of the non-oil in­dus­try in the coun­try, Azer­bai­jan’s Econ­omy Min­istry told Az­ernews.

“Be­sides, main goals are to cre­ate com­pet­i­tive and in­no­va­tive in­dus­tries based on cut­ting-edge tech­nolo­gies, to de­velop and sup­port the phar­ma­ceu­ti­cal in­dus­try, re­duce de­pen­dence on phar­ma­ceu­ti­cal prod­ucts, pro­mote lo­cal pro­duc­tion in meet­ing the needs of the pop­u­la­tion and in­creas­ing the em­ploy­ment of the pop­u­la­tion,” the min­istry stressed.

The Econ­omy Min­istry noted that at present 3 res­i­dents are reg­is­tered in the In­dus­trial Park-Hayat Pharm, a joint ven­ture of Azer­bai­jan and Rus­sia, as well as Caspian Pharmed and Di­amed Co, joint ven­tures of Azer­bai­jan and Iran.

“These joint ven­tures will pro­duce anal­gesics, car­dio­vas­cu­lar agents, non-steroidal anti-in­flam­ma­tory drugs, an­ti­his­tamine medicines, as well vi­ta­mins and nu­tri­tional sup­ple­ments, while Di­amed Co will pro­duce dis­pos­able sy­ringes.”

“By the end of 2018, the pack­ag­ing line will be put into oper­a­tion in the joint ven­ture of Azer­bai­jan and Rus­sia,” ac­cord­ing to the min­istry.

In ad­di­tion, ac­cord­ing to the Mem­o­ran­dum of Un­der­stand­ing signed be­tween the Azer­bai­jani In­vest­ment Com­pany OJSC and the Ukrainian In­dar Com­pany in the Pi­ral­lahi In­dus­trial Park in 2017, In­dar will pro­duce in­fu­sion and in­jec­tion prod­ucts ac­cord­ing to in­ter­na­tional stan­dards.

“To­tally, cur­rent res­i­dents of the Pi­ral­lahi In­dus­trial Park­about are ex­pected to cre­ate 350 new jobs,” the min­istry added.

The Hayat Pharm, a joint ven­ture be­tween Azer­bai­jan and Rus­sia, will pro­duce 22.5 mil­lion pack­ages or 500 mil­lion pills and cap­sules per year based on the tech­nol­ogy of Ger­many, Italy and other Euro­pean coun­tries. The plant will pro­duce ad­di­tives for on­col­ogy, AIDS, ner­vous sys­tem, car­dio­vas­cu­lar, di­a­betes, sup­port­ing-mo­tor ap­pa­ra­tus and res­pi­ra­tory sys­tem med­i­ca­tions, an­tibi­otics, anti-in­flam­ma­tory, an­tidiar­rheals and antin­au­sea drugs, as well as drugs for X-ray con­trast and mag­netic res­o­nance imag­ing.

“Gen­er­ally, the plant will pro­duce 89 types of medicines for 58 sub­stances at the first stage. In future it is planned to ex­pand pro­duc­tion,” the min­istry noted.

An­swer­ing the ques­tion on co­op­er­a­tion with In­dian phar­ma­ceu­ti­cal com­pa­nies, the min­istry men­tioned that In­dian Am­bas­sador to Azer­bai­jan Sanjay Rana vis­ited Sum­gait Chem­i­cal In­dus­try Park last April.

“The am­bas­sador was in­formed about in­dus­trial parks, in­clud­ing the Pi­ral­lahi In­dus­trial Park, the con­di­tions cre­ated for in­vestors and discounts. Dur­ing the meet­ing, dis­cus­sions were also held on co­op­er­a­tion in the field of phar­ma­ceu­ti­cals. We are ready to eval­u­ate this bid if In­dian com­pa­nies of­fer pro­pos­als for phar­ma­ceu­ti­cal co­op­er­a­tion and cre­ation of a joint ven­ture.”

Fur­ther, the min­istry un­der­lined that phar­ma­ceu­ti­cal plants, which will be built and put into oper­a­tion in Pi­ral­lahi In­dus­trial Park, will play an im­por­tant role in the de­vel­op­ment of the phar­ma­ceu­ti­cal in­dus­try in Azer­bai­jan and will pro­vide the pop­u­la­tion with qual­ity medicines through lo­cal pro­duc­tion, re­duce de­pen­dence on im­ports and in­crease ex­port po­ten­tial.

“The prod­ucts to be pro­duced in these en­ter­prises are planned to be ex­ported to Turkey, Iran, Ukraine, Ge­or­gia and the CIS coun­tries un­der the “Made in Azer­bai­jan” brand,” ac­cord­ing to the coun­try’s Econ­omy Min­istry.

In con­clu­sion, speak­ing of future plans, the min­istry noted that the coun­try is hold­ing talks with a num­ber of lead­ing com­pa­nies in­ter­ested in the phar­ma­ceu­ti­cal in­dus­try.

“The Sum­gait Chem­i­cal In­dus­trial Park LLC, a con­trol­ling or­ga­ni­za­tion of Pi­ral­lahi In­dus­trial Park, is con­tin­u­ing its ef­forts to at­tract lo­cal and for­eign in­vestors to the Park and pro­mote it in var­i­ous ac­tiv­i­ties both in our coun­try and abroad.”

In late 2015, the govern­ment an­nounced that Azer­bai­jan will cre­ate its own en­ter­prises that will man­u­fac­ture medicines to cease de­pen­dence on im­ports.

To this end, the Pi­ral­lahi In­dus­trial Park is es­tab­lished by the or­der of Pres­i­dent Il­ham Aliyev “On Es­tab­lish­ment of Pi­ral­lahi In­dus­trial Park” dated Septem­ber 14, 2016.

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