Bangladesh, Feb. 16 -- Local pharmaceutical industry is failing to fortify its position in the global arena, though it dominates the domestic medicine market,.
While 97 per cent of the local market demand is now met by the domestic drug makers, exports of pharmaceuticals overseas reached a paltry US$ 100 million last fiscal.
In spite of enjoying various policy support including cash incentives on exports, overseas sales of pharmaceuticals remain minuscule compared with many other major export items.
Stringent overseas regulatory requirements, lack of adequate testing facilities at home and weak backward linkage are among the reasons why exports remain sluggish.
Medicines worth US$ 103.46 million were exported from the country during the...