BAPI seeks cash incentives on finished pharma formulations

Bangladesh Association of Pharmaceutical Industries (BAPI) has demanded cash incentives on export of finished pharmaceutical formulations, as the pharma sector is mainly focused on export of finished products.

If the government gives cash incentives on different tiers (more cash incentives for export to regulated countries and normal incentives for export to less regulated countries), Bangladesh could be better prepared to face the post-LDC challenges, BAPI president Nazmul Hassan MP said at a seminar on Tuesday.

He was presenting a keynote paper titled 'Bangladesh Pharmaceutical Industry: Opportunities and Challenges' at the seminar organised by BAPI as part of its annual general meeting (AGM) at Sonargaon Hotel in the city.

Commerce Minister Tofail Ahmed attended the seminar as the chief guest while Health and Family Welfare Minister Mohammad Nasim was the guest of honour.

Speaking on the occasion, Tofail Ahmed appreciated the growth of pharma sector and its contribution to the national reserve.

He also lauded the pharmaceutical companies for meeting the domestic demand for medicines.

Mohammad Nasim appreciated the pharma industry for making quality medicines available at the lowest price possible for patients at home and abroad.

Md Serajul Huq Khan, Secretary, Health services Division, Ministry of Health & Family Welfare, and Major General Md Mustafizur Rahman, Director General, Directorate general of Drug Administration, were present as special guests.

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