"The pharmaceutical plant of the Gen Pharma Caucasus Manufacturing Operations LLC co-established by Türkiye and Azerbaijan in Pirallahi Industrial Park will be an example for other fields as well," said Turkish Ambassador to Azerbaijan Cahit Bağçı at the groundbreaking ceremony of the plant, APA-Economics reports.
He noted that the creation of the facility as a result of cooperation with the Azerbaijan Investment Company is significant and valuable: "We are organizing joint meetings of Turkish investors with Azerbaijan Investment Company. We are recommending the representatives of the companies to invest together with the Azerbaijan Investment Company."
Note that the Azerbaijan Investment Company owns a 29% stake in Gen Pharma Caucasus Manufacturing Operations LLC.