Sri Lanka, Sept. 7 -- Maliban Biscuits one of the largest manufacturers, distributors, and marketers of bakery products in Sri Lanka will be diversifying into the manufacture of pharmaceuticals.

An official from the company said that the management has decided to move into the manufacture of pharmaceuticals and detailed information would be spelled out soon.

He said that Maliban officials and 35 local investors also met the Minister of Pharmaceutical Production, Supply, and Regulation Prof. Channa Jayasumana last week.

The local investors pledged to set up pharmaceutical production plants within 30 months investing around Rs. 40 billion with the aim of export as well.

"Fifty percent of the country's total drug requirement will be manu...