Getz Pharma to establish state-of-the-art manufacturing facilityNovember 11, 2014
KARACHI: Speaking at a function organised to celebrate the WTO certification to the company’s laboratory, Khalid Mahmood, Managing Director and CEO of Getz Pharma, said that we are only company in Pakistan to win the trust of international organisation which has certified only 33 labs globally in the last 10 years.
The function was attended by over 150 leading physicians and professors from all over the city. The chief of the fastest growing company among 600 pharmaceuticals in Pakistan said that some multinationals had left country while his company had invested over Rs 6 billion in last four years on upgradation of machinery and capacity building of the staff which had paid dividends.
“We will establish a state-of-the-art manufacturing facility in Karachi which will have a positive impact on this sector, overall economy and job market,” Mahmood who started the business with few employees to become third biggest company having 42 percent share in country’s total pharma exports within 19 years said that we are exporting to 22 countries and will be adding few more countries soon while focusing on the US and EU markets.
The WHO prequalification is an honour for Pakistan and our 5500 employees including 119 scientists and experts serving with dedication, Good Manufacturing Practices and strict compliance standards, he said. Some leading local companies are slowly building base in the local market which was once dominated by multinationals which is very encouraging, he informed.
Mahmood said that Pakistan had nine multinationals in 1954 while Jordan had none, but now it had exporting medicine worth one billion dollars while Pakistan’s exports stands at 130 million dollars which calls for a policy review.
Companies should hire the best talent, continue to investment in human resource development, technology and brand building to become successful in a short span, the brain behind Getz’s phenomenal growth said. He said that we had planned massive expansion as Pakistan is one of the best country for investment and Pakistanis are matchless performers if managed properly.
Speaking at the occasion, Syed Sultan Ghani, the man behind this success, said: “This is a matter of great national pride as Getz Pharma’s Laboratory has literally put the country on the map of the world which is going to serve the people of Pakistan a lot. This medal came in the wake of many other accolades received by Getz Pharma. The organization has received the Export Award for eighth consecutive years.”
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