The minister made the statement while talking to reporters after a meeting in this regard in the ministry on Sunday.
Amir Hossain Amu said factory will be built to produce pharmaceutical raw materials on a large scale soon after the allotment of plots in the industrial area. It will help reduce import cost of pharmaceutical raw materials to 70 percent.
Speaking at the meeting Amu said, “With the begging of the API Industrial Park, the medicine export will be increased as Bangladesh has been exporting medicines to 133 countries.”
The meeting has discussed details about the activities required for the quick operation of pharmaceutical industrial park.
Bangladesh Small and Cottage Industries Corporation (BSCIC) is the developer of the park for API or pharmaceutical raw materials.
Work to develop the API industrial park began in 2008 on 200 acres of land in Munshiganj district by the Dhaka-Chittagong highway. The park was built under the public-private initiative with the Bangladesh Association of Pharmaceutical Industries (BAPI).