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Pharmaceutical Sector in Bangladesh

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Submitted By anantika
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Pharmaceutical sector in Bangladesh
In Bangladesh Pharmaceutical sector is one of the most developed hi tech sector which is contributing in the country’s economy. After the promulgation of Drug Control Ordinance – 1982, the development of this sector was accelerated. This sector is also providing 95% of the total medicine requirement of the local market. In 2000, there were 210 licensed allopathic drug-manufacturing units in the country, out of which only 173 were on active production; others were either closed down on their own or suspended by the licensing authority for drugs due to non compliance to GMP or drug laws. They manufactured about 5,600 brands of medicines in different dosage forms. There were, however, 1,495 wholesale drug license holders and about 37,700 retail drug license holders in Bangladesh. Anti-infective is the largest therapeutic class of locally produced medicinal products, distantly followed by antacids and anti-ulcerates.
Top pharmaceutical company 1. Square Pharmaceuticals Ltd. 2. Incepta Pharmaceuticals Ltd. 3. Beximco Pharma ltd. 4. Bio-pharma Ltd. 5. Opsonin Pharma Ltd. 6. Eskayef 7. Renata Pharmaceuticals 8. Acme Pharmaceuticals 9. Aci Pharmaceuticals 10. Aristopharma 11. Drug International 12. Sanofi Aventis 13. Glaxosmithkline 14. Orion pharma bangladesh 15. Novo Nordisk 16. Healthcare Pharmacy 17. Ibn Sina 18. Sandoz 19. Popular Pharmaceutical Ltd. 20. Novartis 21. General Pharmaceuticals 22. Zenith Pharmaceuticals Ltd. 23. Edruc Limited

Square Pharmaceuticals has retained the top position with its local sales figure reaching Tk 10.70 billion in 2012 in the country's Tk 55.0 billion pharmaceutical market followed by Incepta Pharma,Square Pharmaceuticals, established in 1958.Incepta Pharma, established in 1999, stood at Tk 4.52 billion in 2009.Beximco Pharma's position in the country's top 10 pharmaceutical companies was the third in terms of sales. Its total sales were Tk 4.2 billion in 2009.Fourth position took by the ACME Laboratories and its sales were Tk 2.64 billion in 2009.Opsonin Pharma Ltd., established in 1956, ranked the fifth by local sales worth Tk 2.61 billion in 2009.Eskayef took the sixth position with sales of worth Tk 2.52 billion.Reneta Pharma sales were nearly Tk 2.50 billion in 2009 and took the seventh position .Eight position took by the Advance Chemical Industries (ACI) with local sales worth Tk 2.46 billion.The sales of Aristopharma products were Tk 2.23 billion and Drug International's were Tk 2.13 billion.Respectively they took the 9th and 10th position in the local pharmaceutical market.Sanofi-Aventis ranked the top among the multinational pharmaceutical companies followed by GlaxoSmithKline.Sandoz took the third position.[3] Sales of Square Pharmaceuticals, the market leader, were Tk 1,270 crore in 2010,Beximco grew faster than other companies at a staggering 33 percent in 2010 with Tk 523 crore sales.

Textile sector in Bangladesh
Textile industry in Bangladesh first came in existence in July 1972. Bangladesh's textile industries is the nation's number one export earner and it employs 2.2 million employees. Bangladesh's textile industry is divided into three sectors namely, public sector; handloom sector; and the private sector. The private sector is the fastest growing sector in the country. Bangladesh exports its apparel products worth nearly $5 billion per year to the United States, European Union (EU), Canada and other countries of the world.
From 1995-2005 the WTO Agreement on Textiles and Clothing (ATC) was in effect, wherein more industrialized countries consented to export fewer textiles while less industrialized countries enjoyed increased quotas for exporting their textiles.[1] Throughout the 10 year agreement, Bangladesh’s economy benefited from quota-free access to European markets and desirable quotas for the American and Canadian markets.[2] export market | USA (textile) | USA (clothing) | EU (textile) | EU (clothing) | market share in 1995 | <3% | 4% | <3% | 3% | market share in 2004 | 3% | 2% | 3% | 4% |

At present 20 Textile Mills of which 17 Textile Mills (21 units) are in operation under service charge system and producing different counts of yarn in the form of 32/1 to 80/1. Another 3 mills are under process in operation, 1 mills sold out but not yet handed over to the buyer and 1 mill earmarked for setting up textile palli.
The export of readymade garment is in the region of US$ 5.00 billion annually. Initially the export was based on imported fabric; however, the local fabric has been making steady progress in the last few years. Currently exports using local fabric are in the region of US$ 2.00 billion of which US$ 1.4 billion is retained within the country. This is a substantial contribution of the textile and garment industry to the national exchequer.


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