Of Deyata Kirula’s 400 acres, 80 acres have been designated for the Pharmaceutical Investment Zone. Twenty-four medium-sized entrepreneurs were willing to invest more than $300 million in the project.
In 2021, former President Gotabaya Rajapaksa set a goal of producing 50% of the country’s pharmaceuticals locally by 2024. This target was set at a time when the state spends Rs 130 billion a year to import the mandatory amount of pharmaceuticals. To offer high-quality medicines at affordable costs for both the foreign market and the local population. Therefore, steps have been taken to identify a pharmaceutical production domain in Sri Lanka that meets the recommendations and criteria of the World Health Organization (WHO).
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