Cuban Biotech Companies want to make investment in Pakistan


Cuba was very strong in biotechnology and many Cuban Biotech companies wanted to explore JVs and investment in Pakistan with technology transfer to meet the needs of Pakistani market and export their pharmaceutical products to Iran, China, Central Asian States, Europe, Malaysia, Indonesia, and other countries. This was observed by H.E. Zener J. Caro Gonzalez, Ambassador of Cuba while addressing the business community during his visit to Islamabad Chamber of Commerce & Industry. Mrs. Darfene Herrera Naranjo, Third Secretary of Cuban Embassy also accompanied him at the occasion.
The Ambassador said that Cuban pharmaceutical companies were looking for credible partners in Pakistan for supply of their products in Pakistani market and later on they wanted to set up manufacturing plants in Pakistan to produce pharma products. He said that Covid vaccine of Cuba would soon reach Pakistani market followed by vaccines for diabetes patients in Pakistan. He said that he would work for promoting Pakistani exports to Cuba including rice, textiles products, surgical instruments and others. He said that promoting linkages between the private sectors of Cuba and Pakistan and people-to-people contacts between both countries would be key focus on his efforts in Pakistan. He said that Pakistani investors could also export their products to USA, South & North America, Caribbean and other markets by investing in Cuba.

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