Bangladesh, Sept. 16 -- French pharmaceutical giant Sanofi, reportedly, would soon wind up its Bangladesh operations. It has already informed the state-owned Bangladesh Chemical Industries Corporation (BCIC) about its decision. The BCIC owns nearly 20 per cent stakes in the company. In total, the government owns more than 45 per cent shares of the company.
Sanofi is the second multinational pharmaceutical company to convey the decision on leaving Bangladesh within the last 15 months. Another global pharmaceutical behemoth GlaxoSmithKline has already closed its operations in the country as it found the market here 'not sustainable'.
There should be no reason for taking the departure of the two leading MNCs from the country lightly. Rather ...