API Industrial Park and its Possibilities in Bangladesh

API industrial park is finally ready to start after a long time planning. Recently the developer of the park distributed 41 plots among the pharmaceutical companies including Square, Incepta, Beximco, Globe and others.

The initiative to build the API park by the Dhaka-Chittagong highway under Gazaria upazila of Munshiganj for Tk 213 crore was taken in January 2008. But the project cost is revised to Tk 332 crore and the final cost of the project is expected to rise again.

More than 90 percent of pharmaceutical raw materials are imported every year in Bangladesh. As a result, the API park will give a great effort in pharma market and may able to source at least half of their raw materials once the activities of the park start.

If the API park able to meet half of the raw materials demanding by local companies, it will be great achievement for the project and bring a good change in pharma market.

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