Local medicine production ventures boosted | Daily News

Local medicine production ventures boosted

Under the four year plan for gaining pharmaceutical self-sufficiency in the country, a number of drug manufacturing companies are being opened by the State Pharmaceuticals Manufacturing Corporation in collaboration with leading local medicine producers, said Pharmaceutical Production, Supply and Regulation State Minister Prof. Channa Jayasumana.

He said under President Gotabaya Rajapaksa’s National Policy Framework, “Vistas of Prosperity and Splendour,” joint ventures with the private sector and foreign investors are to be launched shortly in addition to other multiple approaches to gain the self-sufficiency in drugs.

Speaking to the Daily News in Anuradhapura Prof. Jayasumana said that initial arrangements have been made to commence export-oriented drug manufacturing zones in Anuradhapura Oyamaduwa, where the Deyata Kirula Natinal Exhibition was held and in Hambantota and Millewa in the Horana Electorate. Some renowned drug manufacturing companies have shown an interest in investing in pharmaceutical manufacturing factories in Sri Lanka.

He pointed out that around 85% of the pharmaceuticals used in our country are being imported.

State Minister Jayasumana said that we would be able to produce a minimum 50% of the local total drug requirements by 2024.

The State Pharmaceuticals Corporation has made a request from the UDA for allocating land facilities to expand its local drug production.

As a result, the UDA has decided to allocate land earmarked for the Horana Industrial City Development Project following Cabinet approval.

 


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