[ALOCHONA] Finally API Park to be ready by 2012 in Bangladesh: M M Chowdhury, an important lobbyist/advocate/supporter for this project since 2007

API Park to be ready by 2012: minister

Dhaka, Apr 3 (bdnews24.com) — Construction of the proposed industrial park for manufacturing pharmaceutical ingredients will complete by 2012, the industries minister has said. "If the Active Pharmaceutical Ingredients (API) project can be set up, we need not to import raw materials for this industry from next year," Dilip Barua said on Sunday while addressing a seminar on "Globalisation of Drug Industry" at Bangabandhu International Conference Centre. Bangladesh Small and Cottage Industries Corporation (BSCIC) is implementing the construction work which was likely to begin in April last year. The project was first undertaken in 2008, but was later extended by one year due to complication in land acquisition. Due to the delay, the project cost of rose from Tk 2.13 billion to Tk 2.35 billion. The minister said if implemented, the 200-acre project, sited at Bausia of Gazaria Upazila under Munshiganj district, would help earning exports of generic drugs worth $10 million. "The significance of pharmaceutical industry is rising in line with the increasing number of population," he said. Barua also stated that the local companies fulfil 97 percent of the internal demands alongside exporting in 80 countries. bdnews24.com/si/ach/pks/2045h     Regards, M M Chowdhury Founder/CEO, Amreteck Pharma USA www.amreteckpharma.com

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