House of Investments, Inc. (HI) said its subsidiary Tarlac Terra Ventures, Inc. (TTVI) has signed a memorandum of cooperation with Philippine Pharma Procurement, Inc. (PPPI) to explore developing a pharmaceutical economic zone, as reported by BusinessWorld.
The partnership aims to boost the local pharmaceutical sector by creating a dedicated zone for manufacturing, research, and distribution. The move aligns with government efforts to strengthen domestic drug production and reduce reliance on imports.
No further details on the timeline or investment size were disclosed. HI is part of the Yuchengco group of companies, which has interests in banking, insurance, and infrastructure.