MoneyWorks4Me

Ethiopian government allots land on lease for 45 years to Kilitch Drugs’ subsidiary

26 Sep 2016 Evaluate

Kilitch Drugs (India) has been allotted land admeasuring 4317.5 square meters in Oromia Special Zone in Ethiopia. The company’s subsidiary Kilitch Estro Biotech PLC has been allotted the land on a lease for a period of forty five years by the Bureau of Rural Land and Environmental Protection, Federal Democratic Republic of Ethiopia.

The said land is strategically located and touches the highway with three phase electricity passing through the land itself. The size of the said land allotted is big enough so as to set up a fully integrated pharma plant therein at any time in future.

Kilitch Drugs is a pharmaceutical company, its services range from manufacturing to marketing a host of formulations in all dosage forms i.e. solid, liquid and parenteral forms.



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