The pharmaceutical industry in Bangladesh is one of the most developed technology sectors within Bangladesh. This sector provides 97% of the total medicinal requirement of the local market. The industry also exports medicines to global markets, including Europe. Pharmaceutical companies are expanding their business with the aim to expand the export market. Bangladesh's pharmaceuticals sector will grow 15 percent year-on-year to reach $5.11 billion by 2023, propelled by high investments by local companies as they seek to grab a bigger share of the global market. API Park near Dhaka is all set to equip their manufacturing facilities, and soon 45+ units are about to start the API manufacturing.
The research for biotechnology in Bangladesh started in the late 1970s. The root cause behind the initiation was the significance of agricultural sector, which had been the backbone of the national economy since the ancient times. The research first started in the department of Genetics and Plant Breeding in Bangladesh Agricultural University through Tissue culture on jute. In September 1993, the government of Bangladesh formed a National Committee on Biotechnology Product Development to select potential biotechnological projects which could be leased out for commercialization. In the late 1990s, Bangladesh became a member of the International Centre for Genetic Engineering and Biotechnology(ICGEB). In 1999, the National Institute of Biotechnology was established as the center of excellence in biotechnological education. To accelerate multidimensional biotechnological research, in 2006, the government adopted the national policy guidelines on biotechnology which was approved by the National Task force on biotechnology. In 2012, the cabinet approved the draft of National Biotechnology Policy, 2012 which was aimed at eradicating poverty through increasing productivity in agriculture and industrial sectors.
There are 1 Medical University, 13 Govt. Medical College, 25 Private Medical College Hospital, 8 Postgraduate Institute, 2 Institute of Health technology, 3000 Hospitals and Clinics and almost 18000 Diagnostic Centers and Health Centers in all over Bangladesh. The number of this Medical College Hospitals, Diagnostic Center and Health Centres are increasing rapidly.
The total diagnostic market size is 700 million taka on the basis of 2008 sales volume. This data is for both Instrument and Consumables. Among the total market the Instrument is about 350-400 Million Taka and the consumables are of 300-350 Million Taka.
The trend of this business is 15% growth per year. As the demand is increasing due to population growth and establishing of new Hospitals and Diagnostic Centres the no of companies in this field increasing day by day. The companies working in this business have a positive trend of increasing business. Some time some small company’s growth stopped due to big outstanding in the market. The market outstanding also becomes bigger day by day of the companies as the business trend is making due business in all respect of customer.
The textile industry has played an important role in Bangladesh’s economic for a long time. Country textile industry in Bangladesh accountants for 45% of all industrial employment and contributes 5% to the total national income. A huge 78% of country’s exports earnings come from textiles and apparels sector, according to largest figures available. The textile private sector in the country is the fastest growing sector in Bangladesh. So the future of textile industry of Bangladesh is very bright. Combined the textile and apparel sectors consist of around 4000 firms. The textile industry is one of the largest in Bangladesh and is still expanding.
The textile industry is a chemicals based industry. There are different types of chemicals needed in the process of different types of textile processing steps. So chemicals play a vital role in textile industry specially wet processing factory.
Food industry is a rapidly growing sector in Bangladesh, employing a significant portion of the labor force in the country. Between 2004 and 2010, the food processing industry in Bangladesh grew at an average 7.7 percent per annum. Bangladesh Bureau of Statistics, in its 25006 Economic Census, reported that there were approximately 246 medium-sized food processing industries employing 19 percent of the industrial manufacturing workforce in Bangladesh or 8 percent of the total manufacturing labor force.