German entrepreneurs are planning to set up pharmaceutical industries in Myanmar to produce home-use capsules and tablets as part of foreign engagement in the development of the sector, a major local news journal reported Tuesday.
High quality medicines will be manufactured and distributed to penetrate neighboring country markets, the Yangon Times quoted a largest business organization as saying.
A delegation comprising medicine producers from the Robert Busch Gmbly of Germany and the Robert (SEA) Pte Ltd of Singapore visited Myanmar late last month and coordinated matters on cooperation with their Myanmar counterparts for investment opportunities in the aspects and on technical cooperation in research work, said officials of the Union of Myanmar Federation of Chambers of Commerce and Industry.
German medicines are popular in the Myanmar markets.
According to statistics of the Ministry of Commerce, Myanmar imported pharmaceutical products valued at 100 million U.S. dollars in 2006-07 which ended in March, an increase by 25 percent from 2005-06 when it was 80 million dollars.
These pharmaceuticals were mainly imported from such Asian nations as India, Bangladesh, China and Indonesia. Of the imports, only 10 percent came from European countries.
Myanmar has one state-run Pharmaceutical Industry operating under the Ministry of Industry-1 and the industry has three factories respectively in Yangon, Pyin Oo Lwin and Tatkone near Nay Pyi Taw supplying 40 percent of the domestic market.
Meanwhile, the Myanmar health authorities are strengthening the supervision of security of food and drug on sale in the markets and examination is occasionally carried out to ensure that drugs produced locally are quality products which meet the set standard for public safe consumption and those imported are only genuine and potent and quality ones.
Myanmar enacted the National Food Law in March 1997, forming a special food and drug authority in a bid to enable the public to consume food of genuine quality, free from danger and hygienic problem, and to control and regulate the production, import, export, storage, packaging, distribution and sale of them systematically.