Biotech Industry in Bangladesh

At introduce the posse is laagered to proud turn to weigh the utility of history the uncompounded principle of significance commute in the vernacular traffic and of widening productional implicit in interpolitical traffic. 8. 2 Pharmaceutical assiduity is individual of the fastest growing sectors in Bangladesh with secret traffic valued at IIS$I . 136 billion and a enlargement reprimand of 23. 59% in 2011. There are 260 registered pharmaceutical companies, incompact which 191 are in production. The fictitious products of these companies are convocation 90% of the secret fitness.
Historically, Bangladesh has been resting on significances ce ingredients in Pharmaceutical assiduity. The pharmaceutical companies in Bangladesh earn piercing materials from sundry countries namely I-J, France, Germany, Japan, Holland, Italy, Denmark, China, Switzerland, Austria, Hungary, India, Ireestablish controleseeing. Recently, persomal decideds enjoy been approaching to submissive ingredients persomally. These enjoy dejected dependency on significanceed piercing materials to 70% of entirety. 8. 3 Bangladesh has fearful possibilities to do a controltune emend by focusing on biotechnology and genetic engineering.
With the correction of genetic engineering, the high-priced and casually advantageous garbage has grace widely trafficed and cheaper. The ever- advancing pharmaceutical companies in Bangladesh enjoy afloat to eliminate separeprimand and consecrated biotech units. Bangladesh has made correction of bioinformatics technology to series the Jute genome and the genome of a venomous fungus, microphindividual occupation that enjoy impression on the proficiency of Jute fiber. The province is now prime of submissive sufficient prop with the selfselfsame or short sum of establish in workman ascribable to the correction of biotechnology in cultivation.

Other than molecular biology striveatories at the University of Dacha, the Bangladesh Academy of Sciences, through its program in cultivation and history sciences inferior the auspices of United Stated Department of Cultivation (USDA), is hardly supported entirely a good-natured-natured calculate f projects in the unwandering universities and lore organizations. Different common universities including the unwandering individuals and National Institute of Biotechnology (NIB) are instituted on sundry facets of establish biotechnology.
The Institute of Common Health (PIP) and Interpolitical Center ce Diarrhea Disease Lore, Bangladesh (ACIDIC) are performing most of the medical biotechnology and fleshly genetic engineering (Source: Poverty Chuddar and Md. Racial Hosing, “Biotechnology and Genetic Engineering”, the Daily Star, 21 March, 2013). An overview f branch of biotechnology and their products and services are given in the subjoined fugue (Source: Sheikh Mizzen, “Medical Biotechnology: Problems and Biotech Assiduity in Bangladesh By Keenan 8. According to the global accounting decided Ernst & Young, the entirety biotechnology assiduity revenues were about IIS$ 89. 8 billion in 2012 clustered encircling United States, Europe, Canada and Australia. In perfect Asian countries, the synods are the individuals driving biotech lore. Secret assiduity’s role, in comparison, is poverty becacorrection biotech lore requires gross investments in infrastructure and has a sigh cash-burn reprimand, opportunity the avail in the primal years are entirely degraded.
However, impetuous lore-focused secret players are ahead emerging in countries such as China, India, Taiwan, South Korea and Singapore. 8. 5 Biotechnology, specially Medical Biotechnology, is a very prospective area of eliminatement ce eliminateing countries approve Bangladesh becacorrection the province blessed with abundant biodiversity, degraded absorb of strive in lore, eliminatement and manufacturing. In adduction, the province can besides feat proud ship-produce implicit and contractual lore, and capture fairly gross persomal traffic.
However, in Bangladesh the scope of existent medical biotechnology is tranquil undefiled. The argue after it is that rottenness and responsibilities on the keep-akeep-apart of synod respecting eliminatement of biotechnology, flit of experts to eliminateed countries, unawareness and disinterest of the entrepreneur in investing in lore and eliminatement and tender association to attainments and advice network. Besides, untoward subjective quality exact and commerce allow imposed by the eliminateed countries are frequently be a course ce indigent countries approve Bangladesh.

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