Dhaka eyes Myanmar drug market
Dhaka eyes Myanmar drug market
Sources from United News of Bangladesh, New Age News, BD.
Dhaka Bangladesh is planning to expand its pharmaceutical market in Myanmar as Bangladeshi medicines have already gained confidence of the neighboruing country’s physicians.
According to industry insiders, some 28 local drug manufacturers are scheduled to visit Myanmar this week to appoint their agents for facilitating the export of medicines.
During the visit, the pharmaceutical companies will also take part in a three-day single country Bangladeshi pharmaceutical products fair in Yangon, beginning on March 10.
The manufacturers would talk to prospective agents and finally appoint them to lodge application with the Myanmar government seeking export registration.
As per the existing laws of Myanmar, the appointed agents will deposit samples of the exportable products to the government.
The government after laboratory test will give registration and the particular agents will import items from the Bangladeshi manufacturers that later on will be marketed on the agent’s own mechanism, local manufacturers said.
When contacted, President of Bangladesh Oushadh Shilpa Samity Md Shafiuzzaman told UNB that Bangladesh is the second largest exporter of pharmaceutical products to Myanmar.
He said some 10-12 local companies have already got registration while some 20 others are going to apply for registration.
‘Myanmar’s pharmaceutical market is 100 per cent import-oriented. Bangladesh has great potentials to capture the market as we’re the second player in terms of export after India,’ he said.
Meanwhile, Export Promotion Bureau (EPB) will organise the first ever single-country Bangladeshi pharmaceutical exposition in Myanmar on March 10.
A total of 28 local drug manufacturers will take part in the fair setting up some 30 stalls, EPB sources said.
The participating companies include Baximco Pharma, Square Pharmaceuticals Ltd, Hudson Pharmaceuticals Ltd, Aristo Pharma, Acme Laboratories and Globe Pharmaceuticals Ltd.
On the sidelines, a seminar on diabetes will be held and a video presentation containing an inner look of the industry will be screened.
Bangladesh’s export to Myanmar was around Tk 12 crore last fiscal while the industry insiders hope that the export will cross Tk 20 crore mark in the current fiscal.
GMA-News
Sources from United News of Bangladesh, New Age News, BD.
Dhaka Bangladesh is planning to expand its pharmaceutical market in Myanmar as Bangladeshi medicines have already gained confidence of the neighboruing country’s physicians.
According to industry insiders, some 28 local drug manufacturers are scheduled to visit Myanmar this week to appoint their agents for facilitating the export of medicines.
During the visit, the pharmaceutical companies will also take part in a three-day single country Bangladeshi pharmaceutical products fair in Yangon, beginning on March 10.
The manufacturers would talk to prospective agents and finally appoint them to lodge application with the Myanmar government seeking export registration.
As per the existing laws of Myanmar, the appointed agents will deposit samples of the exportable products to the government.
The government after laboratory test will give registration and the particular agents will import items from the Bangladeshi manufacturers that later on will be marketed on the agent’s own mechanism, local manufacturers said.
When contacted, President of Bangladesh Oushadh Shilpa Samity Md Shafiuzzaman told UNB that Bangladesh is the second largest exporter of pharmaceutical products to Myanmar.
He said some 10-12 local companies have already got registration while some 20 others are going to apply for registration.
‘Myanmar’s pharmaceutical market is 100 per cent import-oriented. Bangladesh has great potentials to capture the market as we’re the second player in terms of export after India,’ he said.
Meanwhile, Export Promotion Bureau (EPB) will organise the first ever single-country Bangladeshi pharmaceutical exposition in Myanmar on March 10.
A total of 28 local drug manufacturers will take part in the fair setting up some 30 stalls, EPB sources said.
The participating companies include Baximco Pharma, Square Pharmaceuticals Ltd, Hudson Pharmaceuticals Ltd, Aristo Pharma, Acme Laboratories and Globe Pharmaceuticals Ltd.
On the sidelines, a seminar on diabetes will be held and a video presentation containing an inner look of the industry will be screened.
Bangladesh’s export to Myanmar was around Tk 12 crore last fiscal while the industry insiders hope that the export will cross Tk 20 crore mark in the current fiscal.
GMA-News
posted by The GMA News @ 7:45 AM
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