Construction of CETP begins at API industrial park in Munshiganj

Staff Correspondent | Published: 01:15, Dec 03,2019 | Updated: 11:55, Dec 03,2019

 
 

The construction of Central Effluent Treatment Plant began at the site of Active Pharmaceutical Ingredients Industrial Park in Gazaria of Munshiganj on Monday.

Bangladesh Small and Cottage Industries Corporation and Bangladesh Association of Pharmaceutical Industries are implementing the project on the park while Indian Ramky Environment Services Ltd is constructing the plant to make the park environment-friendly.

BAPI president and also managing director of Beximco Pharmaceuticals Ltd Nazmul Hassan laid the plant’s foundation stone in the presence of the corporation chairman Mostaque Hassan, Ramky chairman Alla Ayodhya Rami Reddy and owners of pharmaceutical industries among others.

Nazmul said, ‘Over 250 factories of raw material in China shut down recently, causing a manifold rise in the price of raw-materials for pharmaceutical industries in Bangladesh as the country imports material from China mostly.’

‘The hike in the price of raw material has recently caused a corresponding hike in medicine price in Bangladesh,’ he said.

He said that medicine at reasonable price could be possible if Bangladesh could also produce raw material.

He said that Bangladeshi pharmaceuticals expected to start raw material production before the country would graduate as middle income country by 2024.

He said that Bangladesh was importing patient-royalty-free ingredient for a long time but that opportunity ended as the country graduated to middle income country.

BSCIC chairman Mostaque Hassan said that the construction of the plant would be completed within 21 months and the project on the park would be completed by June 2020.

BSCIC took the project on the industrial park on 200.16 acre of land in 2004 with a budget of Tk 381 crore and it recently allocated 41 out of 42 plots to 27 pharmaceutical companies including Square, Incepta, Globe, Opsonin, Beximco and Eskayef Bangladesh.

Alla Ayodhya Rami Reddy said that the plant would treat two million litre of waste water biologically daily.

Another plant for solid waste management would also be set there.

Pharmaceuticals owners expected that Bangladesh would start exporting raw materials besides exporting medicine soon.

 

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