Saturday, December 27, 2008

Indian investor plans to open pharmaceutical plant in Cambodia

PHNOM PENH, (Xinhua): An Indian investment group has tabled a plan at the Cambodian Chamber of Commerce to recruit private partners to build a new pharmaceutics manufacturing plant in the kingdom, national media said on Friday.

The investors prepared to devote some 1 million U.S. dollars to the new facility in a push to help curb counterfeit drugs in Cambodia, said English-language newspaper the Phnom Penh Post.

"They are interested in this sector because they don't want to see Cambodia rely on imported drugs," said Nguon Ming Tech, the group's local representative.

Yim Yann, president of the Pharmacists Association of Cambodia (PAC), said that "a new pharmaceutical factory will bring new technology to Cambodia and will be able to take advantage of local resources."

"Thousands of pharmacies in the country offer imported medicine, much of which is counterfeit," he added.

Cambodia has about 1,000 registered pharmacies, with an additional 1,000 pharmacies operating illegally, according to PAC.

No comments: