The pharmaceutical industry in Bangladeh is currently valued at §650 million with an annual growth rate of 12 per cent. It is primarily a generics industry producing around 8,000 different brands which can cater to 97 per cent of the domestic demand. At present 240 registered pharmaceutical manufacturerrs in Bangladesh out of which 168 are operational. It is the largest white colour intensive employment sector of the country.
Pharmaceutical exports habe increased from §8.2 million in 2003-04 to §35 million in 2006-07 while the export base increased from 51 countries to 61 countries.
To encourage and boost pharmaceutical export the government should immediately offer cash incentives for Active Pharmaceutical Ingredients (APIs) and finished formulations so the industry can achieve greater cost competitiveness.