Pharmaceutical companies They are now hesitant to supply to Bangladesh because outstanding payments have become significant and they are concerned about their financial stability, which could affect the availability of medicines in the neighbouring country.
“Any crisis affecting trade could lead to supply delays, higher costs or even disruptions in drug availability,” an industry expert told ET on condition of anonymity.
All major Indian pharmaceutical companies and many small and medium-sized businesses are likely to be affected if the crisis continues, he added.
India Thirty per cent of exports of active pharmaceutical ingredients (API) and other related raw materials to Bangladesh go to the country. In 2023, India’s shipment of pharmaceutical products to the neighbouring country amounted to just $50.3 million, but the market offers huge growth potential. “Indian companies are reluctant to supply material without advance. Their money is stuck,” said a pharmaceutical industry analyst. “Remittances are not coming in, so no company will be interested in supplying. (Supply) will be badly affected,” he said.
According to the analyst, Indian pharmaceutical companies that have manufacturing units in Bangladesh and sell a significant portion of their products there will find it difficult to sustain themselves. “Indian companies with a global scale have recognised that there will be disruptions, so risk management is the key for all of them,” he added.
Many Indian pharmaceutical companies have a strong presence in Bangladesh, Sun Pharmacy It recently opened a plant in Bangladesh, its second major investment there, which is part of the growing economic and industrial engagement between Bangladesh and India.
Development can have an impact Health services in Bangladesh.
“Over the past decade, Bangladeshi pharmaceutical companies have achieved remarkable improvements in the quality of their drugs by modernizing technology, but it is important to Porcelain, South Korea “The crisis will have a huge impact on the country’s healthcare and pharmaceutical sectors,” said the expert cited above.
The political crisis in Bangladesh has already affected the flow of patients to India. Many patients have cancelled or postponed their travel plans, leading to a reduction of up to 50% in visits by these patients in some major hospital chains.
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