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Poland and Russia strengthen economic ties with Egypt
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Poland and Russia strengthen economic ties with Egypt
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Suez Canal Economic Zone woos Indian drug makers with incentives
December 16, 2020
Uday Bhaskar, Director-General, Pharmexcil× The Egyptian government is offering incentives for Indian pharma companies to invest in the Suez Canal Economic Zone (SCZone).
“The council is in receipt of communication from our mission in Cairo stating the interest of Egyptian government towards collaboration with Indian manufacturers for production of Active Pharmaceutical Ingredients in Egypt,” Uday Bhaskar, Director-General, Pharmaceutical Export Promotion Council (Pharmexcil) said in a communication to the industry.
Manufacturing of APIs has been identified as a priority sector by the Egyptian government with a vision to transform Egypt as a hub of pharmaceutical products supply to the African continent. SCZone offers varied financial incentives from Egypt’s Free Trade Agreements to maximise the benefits for investors.