Hester Biosciences to set up animal vaccines facility in Tanzania

Manufacturing facility will cater to entire Africa, which imports more than 80% of its vaccines

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Animal vaccine

Rakesh Rao Mumbai

Last Updated : Jun 12 2017 | 11:48 AM IST

In its quest to expand its international business, the Ahmedabad-based animal health company Hester Biosciences Ltd will build a manufacturing facility in Tanzania for manufacturing animal vaccines and health products to cater to entire African continent.

Though the project size is yet to be finalised, the company has decided to invest $ 3 million, by way of equity, in its wholly-owned subsidiary company - Hester Biosciences Africa Ltd. While the company will raise $ 3 million through internal accruals of Hester India, the balance amount for the project would be raised through debt.

More than 80 percent of the required vaccines are

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