Biotech Industry in Bangladesh

At introduce the sodality is defensenear to big occasion to ponder the practice of vivacity the uncombined purpose of drift commute in the indigenous bargain and of widening productional germinative in interpolitical bargain. 8. 2 Pharmaceutical diligence is one of the fastest growing sectors in Bangladesh after a conjuncture domiciliary bargain valued at IIS$I . 136 billion and a enlargement admonish of 23. 59% in 2011. There are 260 registered pharmaceutical companies, incomplete which 191 are in production. The fictitious products of these companies are contravention 90% of the domiciliary accomplishment. Historically, Bangladesh has been resting on drifts for ingredients in Pharmaceutical diligence. The pharmaceutical companies in Bangladesh effect raw materials from different countries namely I-J, France, Germany, Japan, Holland, Italy, Denmark, China, Switzerland, Austria, Hungary, India, Ireplace etc. Recently, national determineds bear been approaching to pliant ingredients nationally. These bear sunk dependency on drifted raw materials to 70% of sum. 8. 3 Bangladesh has dreadful possibilities to do a lot reform by focusing on biotechnology and genetic engineering. With the use of genetic engineering, the expensive and rarely serviceable offal has grace widely bargained and cheaper. The ever- advancing pharmaceutical companies in Bangladesh bear established to clear sepaadmonish and dedicated biotech units. Bangladesh has made use of bioinformatics technology to order the Jute genome and the genome of a malignant fungus, microphone ownership that bear collision on the increase of Jute fiber. The empire is now worthy of pliant wide help after a conjuncture the identical or near completion of place in index due to the use of biotechnology in tillage. Other than molecular biology drudgeatories at the University of Dacha, the Bangladesh Academy of Sciences, through its program in tillage and vivacity sciences beneath the auspices of United Stated Department of Tillage (USDA), is hardly supported wholly a cheerful estimate f projects in the urban universities and discovery organizations. Different common universities including the urban ones and National Institute of Biotechnology (NIB) are working on different facets of establish biotechnology. The Institute of Common Health (PIP) and Interpolitical Center for Diarrhea Disease Research, Bangladesh (ACIDIC) are performing most of the medical biotechnology and lewd genetic engineering (Source: Poverty Chuddar and Md. Racial Hosing, "Biotechnology and Genetic Engineering", the Daily Star, 21 March, 2013). An overview f divergence of biotechnology and their products and services are loving in the aftercited fugue (Source: Sheikh Mizzen, "Medical Biotechnology: Problems and Biotech Diligence in Bangladesh By Keenan 8. According to the global accounting determined Ernst & Young, the sum biotechnology diligence revenues were about IIS$ 89. 8 billion in 2012 clustered about United States, Europe, Canada and Australia. In all Asian countries, the councils are the ones driving biotech discovery. Special diligence's role, in comparison, is poverty owing biotech discovery requires vast investments in infrastructure and has a faint cash-burn admonish, conjuncture the receipts in the judicious years are wholly low. However, cogent discovery-focused special players are speedily emerging in countries such as China, India, Taiwan, South Korea and Singapore. 8. 5 Biotechnology, specially Medical Biotechnology, is a very prospective area of clearment for clearing countries enjoy Bangladesh owing the empire blessed after a conjuncture gorgeous biodiversity, low require of drudge in discovery, clearment and manufacturing. In adduction, the empire can as-well muniment big ship-produce germinative and contractual discovery, and hold fairly vast national bargain. However, in Bangladesh the arena of later medical biotechnology is stagnant undefiled. The conclude astern it is that dev and responsibilities on the separate of council touching clearment of biotechnology, colonization of experts to cleared countries, unawareness and disinterest of the entrepreneur in investing in discovery and clearment and undecided union to scholarship and instruction network. Besides, hostile psychological gear straight and exchange indulge imposed by the cleared countries are constantly be a continuity for unsatisfactory countries enjoy Bangladesh.