Kilitch Drugs Plans To Start Manufacturing Operations In Ethiopia, Africa
Kilitch Drugs, one of the leading pharmaceutical Indian exporters is all set to boost its expansion plans in Africa with its first manufacturing plant in Addis Ababa, the capital city of Ethiopia.
The company has been successfully operating in the continent for three decades in providing pharmaceutical solutions with more than 200 products registered and 250+ under registration.
With an annual Gross Domestic Product (GDP) of IO% since 20l3, Ethiopia has been a centre of focus for Kilitch in exporting and marketing drug formulations in solid, liquid and parenteral dosage forms. The company also has established and expanded operations across key African countries.
Mr Bhavin Mehta, Director of Kilitch Drugs states, “We are highly optimistic with the move of setting up our first manufacturing plant in the African market. We chose Ethiopia since it is politically the most stable country in the continent. We are confident of the beginning of the plant’s operations by mid-20l9”.
The manufacturing plant has approximately completed 60% of its the construction with more machinery and peripherals started to arrive at the plant. The production from the Kilitch’s first plant is likely to commence from mid-20l9-2020.
The company expects to generate a revenue of 500 crores in the next 5 years as it is bullish on the African markets. With the sole concentration on its upcoming plant, the management will look forward to replicating the Ethiopian model to the rest of Africa.