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Message: <blockquote data-quote="monson" data-source="post: 22700871" data-attributes="member: 30005"><img src="https://s17.postimg.org/tqn15g2an/22008.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />38 JVs SIGNED to meet national pharma demandBy 2018-01-07BY RAVI LADDUWAHETTYIn an unprecedented move, the Government, through the State Pharmaceutical Manufacturing Corporation (SPMC), signed 38 Joint Ventures (JVs) with overseas multinational corporations to manufacture 85% of the country's pharmaceutical requirements in Sri Lanka."We have ensured that Sri Lanka's pharmaceutical needs would be met from within this country. There will be 38 factories inclusive of a specialized industrial zone in the Kalutara District, spanning 60 acres, which will be awarded to a single Malaysian manufacturer and be an exclusive Pharma Zone, Co- Government spokesman and Health Minister Dr. Rajitha Senaratne told Ceylon FT late Friday.He also said these manufacturers will not only manufacture capsules and tablets, but other ancillary medical equipment such as injections as well.He said the Kalutara District industrial zone was not sufficient for all the investments, which he said was running into billions of dollars and that other factories would come up in the Katunayake and Horana Industrial Zones, with others also coming up in the Kandy and Kurunegala Districts.The Minister also said the Kalutara Industrial Zone would be opened tomorrow.This will be a US $ 250 Million investment for an industry worth US $ 800 Million, Chairman of the State Pharmaceutical Manufacturing Corporation, Dr. Sayuru Samarasundera told Ceylon FT.In addition to the 38 Agreements that the SPMC has signed, there are 18 more independent investors who will start manufacturing pharmaceuticals within the country, the Minister said.He said there were two factories which had already commenced operations in Kandy......and Horana with the third factory also billed to commence production in Horana in March.Albumin will also be manufactured by an American investor. The manufacturing and processing of Plasma will also commence here, the Minister said.He said the Government had already spent around US $ 1 million in the processing of lands and other related infrastructure such as water, electricity and telecommunication facilities for these factories.- <a href="http://www.ceylontoday.lk/print20170401CT20170630.php?id=37850" target="_blank">http://www.ceylontoday.lk/print20170401CT20170630.php?id=37850</a></blockquote>

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