Processes are underway for integrated healthcare group, Avacare Health to invest in a multi-million dollar project in the supply of essential drugs in the country.
The South African based healthcare group is further planning to establish its West African headquarters in Ghana as part of a long-term investment plan that will witness the set-up of a factory to produce medical drugs, veterinary products and equipment.
Avacare Health which aims to provide affordable quality products and excellent customer service is focused on the need for Africa to receive quality products at affordable prices among others.
Affiliated to leading pharmaceutical companies in India, Avacare Health hopes to be a dominant force in the provision of high-quality drugs for ailments like hypertension, diabetes, malaria and HIV/AIDS.
Officials of the company have already met with the Ghana Investment Promotion Centre and other relevant state institutions to kick start their investment which is likely to begin in June this year.
Business Manager of Avacare Health, Sathvir Singh told myjoyonline.com the stable political and economic environment in Ghana influenced their decision to invest in the country.
“We have had good meetings with the key agencies in Ghana and we hope to carry on from there and we are convinced the agreement when reached will be commercially beneficial to both parties,” Singh added.
Avacare Health, when it becomes fully operational in Ghana, will start with the distribution of finished imported pharmaceutical products but hopes to set up manufacturing plant after completing feasibility studies in the country.
Mr. Singh is however calling for speedy resolution of the necessary legislation to enable them fully start operations in Ghana.
An official of Avacare Health, Marc Seelenbinder tells myjoyonline.com they will be presenting a business plan to shareholders of the company as first step.
“We are looking at almost 10 million dollars as startup and we hope to go further but key among all that we are doing is to create employment for the locals here and also ensure value addition to our products and services,” Seelenbinder noted.
With firm roots in Ghana, overseeing the West African market, Avacare health hopes to be the leading African life science company committed to integrated health solutions through dedicated trained personnel.
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