Biswajit Choudhury | 06 May, 2013
Zimbabwe wants Indian firms supplying it generic medicines to produce the drugs locally so that its pharmaceutical sector could grow, the country's helath minister, Henry Madzorera, said.
"Going forward, we desire our pharmaceutical industry
to grow, and we believe that the Indian manufacturing sector can play a key
role in Zimbabwe's development," Madzorera told IANS in an interview here.
The minister, now on a visit to India, is exploring this possibility with
various Indian drug manufacturers and hopes to garner concrete partnership and
collaboration proposals.
"Zimbabwe is right in the centre of three epidemics - HIV/AIDS, TB and
malaria. We think drugs to control these should be manufactured in the region
and Indian companies should exploit this opportunity," Madzorera said.
"We want to increase the manufacturing capacity of Zimbabwe through
parnerships with Indian pharmaceutical firms."
He said companies had earlier hesitated to invest in his country as the nation
of 13 million went through a difficult economic phase due to political
uncertainty.
"The situation has now changed. Zimbabwe's economy is mostly dollarised.
Though we may be a small country, Indian companies investing there will have
access to a 250 million-strong SADC market," Madzorera said.
The South African Development Community (SADC) is a 14-nation regional grouping
of middle and low income countries of the area. Among its members are Zambia,
Tanzania and South Africa.
Indian pharma firms otherwise have a major presence in the region, particularly
in South Africa, which is the largest market for Indian medicines in the
continent. Indian firms like Cipla are already manufacturing drugs in South
Africa.
At the last India-Zimbabwe Joint Trade Committee meeting held in Harare in
March, which was co-chaired by Commerce Minister Anand Sharma and his
Zimbabwean counterpart Welshman Ncube, potential joint venture investment
projects from the Industrial Development Corporation of Zimbabwe were presented
for consideration of the Indian side.