THE Myanmar Pharmaceutical Industries under the Ministry of Industry will ramp up its pharmaceutical manufacturing to meet domestic demand.
The pharmaceutical factories (Insein, Inyaung, and Ywathagyi) operated under the Ministry of Industry have been increasing their production lines’ productivity year over year. The overall output has met 20 per cent of local demand, up from 10 per cent.
Furthermore, the Ngahsutaung Pharmaceutical Industrial Zone is being planned on the plots of land owned by the Ministry of Industry in Hlegu Township, Yangon Region, and the leading pharma companies from the US, Spain and Japan will be part of the zone. Upon completion of the zone, it will help fulfil the domestic needs of pharmaceuticals to a certain extent.
Myanmar brings in pharmaceuticals and medical equipment worth K400 million every year. The project of the Ngahsutaung Pharmaceutical Industrial Zone is slated to finish in two years. The zone is aimed at meeting fifty per cent of the local demand.
Additionally, Tatmadaw set up a Hmawby pharmaceutical factory. The private pharmaceutical factories, such as AA and Silver Shine International, are also helping meet the local need.
The pharmaceutical factory (Inyaung) will also join hands with the private sector to increase production of ointment and balm. The factory has called for interested business entities to submit an open tender. — ASH/KK
