Lanka moving ahead with first pharma zone
Sri Lanka has begun preliminary work on the country's first
pharmaceutical manufacturing zone. Boosted by the government's buy back
assurance on drugs made in the zone as well as the more than 10 percent
rate of increase in the country's annual pharmaceutical expenditure, the
Ministry of Industry and Commerce this week began mapping out the first
steps in developing the 48 acre (19.4 Ha) land-plot slated for the
The Rathgalla GN Division close to
Kurunegala city in the North Western Province of Sri Lanka
where the industrial estate for Pharmaceutical Products and
Medical Equipment is to be located
The dedicated zone which will initially cater to the domestic market,
will not only make pharmaceutical products but will also be expanded to
produce medical equipment.
On October 20, Cabinet Spokesman and Media Minister Keheliya
Rambukwella recorded that Sri Lanka is planning an industrial park for
pharmaceutical manufacturers in Kurunegala on a 48-acre block of land
identified to promote the local pharmaceutical industry, on a proposal
by Rishad Bathiudeen, Minister of Industry and Commerce. Minister
Rambukwella added that over 10 reputed pharmaceutical manufacturers'
have expressed their willingness to invest in this industry.
According to the Business Monitor International which analyses
country risks across 175 countries, the projected expenditure for Lankan
pharmaceuticals for 2011 is expected to increase by 15 percent (to US
$444 Mn) in comparison to 2010.
Such a rate of increase in annual pharma expenditure expense lately
has resulted in a highly competitive market, with more than 300 products
coming from various foreign pharmaceutical manufacturers (in addition to
domestic manufacturers') and competing for the Sri Lankan consumer.
The proposed zone, which is less than five Km from Kurunegala city,
is to be located at a "Grama Niladhari Division" (an administrative
unit) called 'Rathgalla' in the Kurunegala DS Division(an administrative
unit), subject to the approval of the Chief Minister of the North