LAO TSUMURA Recognized for Prospective Contribution to Laos
Tsumura & Co. (Headquarters: Tokyo, President: Junichi Yoshii) announces that the company's proposal to cultivate crude drugs in the Lao People's Democratic Republic ("Laos"), under LAO TSUMURA CO., LTD., a local corporation established by the company, has qualified for a new Japanese government program to promote the public-private initiative*1 "public-private partnership for accelerating growth." This is the first case that a proposal by a private company has been approved for the program since its launch.
Reason for the Proposal Acceptance:
*1. Public-private initiative: A governmental program begun in April 2008 to accept proposals from private companies for the purpose of contributing to the expansion of job opportunities, technology transfer, and trade and investment promotion, which ODA (Official Development Assistance) cannot pursue alone, through the cooperation between private companies' activities and the ODA in developing countries.
*2. Japan Mine Action Service (JMAS): An organization established for the purpose of supporting and cooperating in the disposal of mines, unexploded ordnance, or its equivalent and cooperating in activities carried out by other organizations, and thereby contribute to the autonomous development of all regions and people.