From LDC to Global Player: Reinforcing Pharma Regulations and Capabilities
Pharma sector is one of our prouds as it takes care of 98% of local demand and thus saving about USD 7-8 billion of foreign currencies as per industry leaders. The domestic pharmaceutical market is about to reach USD 6 billion by 2025. The sector contributes around 1.83% of GDP. The forcast for attracting FDI is nearby USD 23 billion by 2030. However the sector is heavily import dependent, annual otflow of approximately USD 1.3 billion for Activated Pharmaceuticals Ingriedients(API) import. Export of pharma products is close to USD 200 million to 150+ countries. The sector created a huge number of white colour jobs from different Universities of Bangladesh.