Dear All, Amreteck Pharma believes that political calm, stability and low manpower cost could make Bangladesh a potential of Pharma outsourcing. CEO of Amreteck Pharma has been interviewed by various well-known Pharma Outsource media and put a bright picture for Bangladesh (see below the links). However, Bangladesh Govt and Pharmaceuticals Industries will have to implement few recommendations that were communicated by CEO. The following Amreteck Pharma proposals need to be implemented immediately: I. Developing Independent Drugs Testing Laboratories - Amreteck Pharma, USA plans to propose current BD Govt to build this laboratory with 50-50% joint-venture. This lab must be independent from the Bangladesh Pharmaceuticals companies to earn the trust from the export countries. II. Pharmaceutical companies must develop Quality Systems and continue monitoring the systems. Amreteck Pharma has proposed various BD Pharma companies to build the Quality systems and plan to work every step of the process to implement this system. Check www.amreteckpharma.com for more details. III. BD Govt should provide 0% corporate tax for 5 years when foreign and local companies and or investors invest in the Pharmaceuticals sectors. BD needs state of art pharmaceutical plants with right equipment and quality system to manufacture quality medicines. This can create 5 lack high paid jobs in the pharmaceuticals sector within 5 years. IV. BD Govt should modify policy to expand oversees offices expense from US$2500 to US$1MM. Companies need this cushion to expand their export market in the foreign countries. V. BD Govt should provide incentives to small and medium pharmaceutical companies to be consolidated. There are more 250 small and medium sizes pharmaceutical companies and most of them does not have or can not afford to have quality system in place to manufacture quality medicines. They should be allowed to consolidate with providing bigger incentives. Amreteck Pharma can help companies with proposal and information during this consolidation and joint-venture process. Visit www.amreteckpharma.com for more info. VI. BD Govt should provide GMP (Good Manufacturing Practices) training and Audits techniques per USFDA. Amreteck Pharma has offered current BD Govt to train its Health Inspectors and is waiting for their response. VII. BD Govt should implement curriculum in Colleges and Universities to add Pharmaceuticals Job training. Amreteck Pharma offers this training and BD Govt needs to come up with a plan how to implement Amreteck Pharma's proposal. VIII. BD Govt needs to pay this down payment now to achieve $10 Billion dollar medicines export earning in 10 years and can create 5 lack high paid job within 5 years. There will be competition from India and China, but BD low cost manpower and low cost quality medicines will trump over them. IX. This is not Garments industries; lots of investment and experts are needed to make this sector attractive and achievable. Amreteck Pharma also plans to provide Investment Seminars in various countries to bring NRB investment in the BD pharmaceuticals sector. BD Govt should be teamed up with Amreteck Pharma to achieve the above mentioned goals. See www.amreteckpharma.com for more details. Amreteck Pharma CEO also has accepted an invitation as a speaker at the upcoming Bangladesh Contract (Toll) Manufacturing Seminar with others US based multibillion dollars companies management at Dhaka Bangladesh in March 2010. CEO of Amreteck Pharma interviewed by various newspapers in Europe and Bangladesh about Pharma-outsourcing. See below few of them: 1) Shortcut to: http://www.outsourcing-pharma.com/On-your-radar/Globalisation/Bangladesh-a-huge-opportunity-for-growth-CEO 3) Shortcut to: http://nation.ittefaq.com/issues/2009/09/08/news0851.htm Regards, Amreteck Pharma Management |
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