Sri Lanka to produce 60% of pharmaceuticals locally by 2020
The government's latest efforts in import substitution through the establishment of a pharmaceutical manufacturing zone will see 60 percent of the demand for pharmaceutical tablets and pills being met by locally made drugs by 2020, in furtherance of the vision of the late Pharmacologist Professor Senaka Bibile, a Government Information Department report said.
"Currently, two billion units are being produced locally, which is about 12 percent of the market. State Pharmaceutical Corporation already has plans to increase it up to four billion and the aim of the zone is to increase the local supply market share to 60 percent," National Chamber of Pharmaceutical Manufacturers of Sri Lanka (NCPM) President Dr. Lohitha Samarawickrema said.
An investment vehicle of the Sultan of Johor, will ...