Singapore company RV Healthcare intends to localize in Uzbekistan

| By | Localization, Uzbekistan

First Deputy Chairman of the State Committee of the Republic of Uzbekistan for Investments, Sunatulla Bekenov, held a meeting with representatives of the Singapore company RV HEALTHCARE PTE. LTD, Dr. Rahul Singh and Rajiv Kumar Sharma. During the meeting, the parties discussed proposals for the implementation of pharmaceutical projects in Uzbekistan.

During negotiations the Uzbek side informed the investors about the the opportunities that are being created in Uzbekistan, in particular, in the pharmaceutical sector. The participants of the meeting highly appreciated the opportunities that are created for doing business in the country and expressed their intention to establish an affiliated branch, delivering a presentation on the proposed project.

Representatives of the company noted that during the first phase of the project in 2018 the company plans to open a distribution center with the establishment of a trade enterprise with foreign investments with an assortment of more than 40 types of medicines, including excipients.

During the second stage, in 2019-2020, RV HEALTHCARE PTE. LTD will transfer technologies for the production and packaging of high-tech antiviral drugs (hepatitis B, C and antiretroviral drugs), oral anti-cancer drugs, injectables and biosimilars. During the third stage, in 2021-2022 there will be full cycle production of pharmaceuticals.

At the end of the meeting, the partiesagreed to move to a practical phase of cooperation with foreign investors.