Pharma sector to get API Park

Pharma sector to get API Park

Dhaka, Dec 28: The longstanding demand of country’s pharmaceutical companies for a specialized park that got stuck due to complexities over acquiring lands has seen the light again following the completion of land acquisition. The work of land-filling for the country’s first specialized industrial park – Active Pharmaceutical Ingredients (API) Park – in Gajaria upazila of Munshiganj district for the pharmaceuticals sector is now going on in full swing.

“The land-filling work will be completed by June next year. Once the land-filling is done, we’ll immediately allocate plots,” Industries Minister Dilip Barua told the agency over phone.

He said Prime Minister Sheikh Hasina wants to inaugurate the formal works of the park after completion of land-filling.  Bangladesh Small and Cottage Industries Corporation (BSCIC) under the Ministry of Industries has taken up the project in a bid to facilitate production of basic raw materials locally, enhance local and foreign investment and to boost foreign exchange earning through exports.


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