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The government is establishing an Active Pharmaceutical Ingredient (API) park with the necessary infrastructure and environmental management facilities, at Munshigonj, near Dhaka. The overall project cost of the park is $30.5m and it is now scheduled to open in 2010.
The park will have space for 40 raw material manufacturing plants. It is estimated that the park will produce at least 70% of the raw materials that are now imported from overseas. A total of 30 drug companies, both local and foreign, have already applied for plots at the API Park.
Objectives of the Project
- To establaish an environmentally suitable industrial park to produce Active Pharmaceutical Ingredients.
- To Provide Infrastructural facilities like developed plots, internal roads, drainage, yard/incinerator, fire-fightimg arrangement etc. to the entrepreneurs in Pharmaceuitcal Ingredients producing industries.
- To attain self-sufficiency in producing Active Pharmacetical Ingredients, import substitution and saving foreign currency.
- To create employment through industrialization.
Implementation Progress
- Land acquisition: The proposal of the acquisition of 200 acres land at Bausia, Upazila-Gazaria, Dist: Munshigongj for the project has been approved by the District Land Allotment Committee DLAC, Munshigonj on 09-04-2009. The subsequent activities like notify the land owners, joint survey and preparation of Field Book etc. is going on.
- Other activities related to the implementation of the project like obtaining clearence from Department of Environment, preparation for infrastructure development works etc. is also going on.
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