Baku, Azerbaijan, Oct. 9
By Azad Hasanli – Trend:
Japan’s JGC corporation plans to expand pharmaceutical business in Azerbaijan in 2018, the Japan International Cooperation Agency (JICA) told Trend.
JICA helps JGC and other Japanese companies to exchange technological knowledge in Azerbaijan.
JICA finances programs proposed by private Japanese entities to introduce new ideas and technologies to the partner countries.
In Azerbaijan, JICA helps JGC to implement a pharmaceutical project in collaboration with the Azerbaijani government.
“Demands in medicine is increasing in Azerbaijan but the drugs are mostly imported,” JICA said. “JICA helps JGC to develop and expand its business in this sphere in Azerbaijan which is fully up to the corporation’s business policy as part of the joint program which will last until 2018.”
JICA launched its activity in Azerbaijan in 1993.
Since the beginning of its cooperation with Azerbaijan, JICA has allocated around $900 million for the implementation of various projects in Azerbaijan, as well as $64 million for grant projects.
Since its founding in 1928, JGC has built plants and facilities worldwide serving a wide range of purposes, mainly in the oil and gas industries, such as oil, natural gas and petrochemical plants, but also power plants, non-ferrous metal plants and other energy and industrial infrastructure, as well as pharmaceutical plants, hospitals, environmental facilities and other social infrastructure.
