Biotech Industry in Bangladesh

At bestow the corporation is unguarded to big convenience to study the utility of nature the only principle of purport represent in the natural chaffer and of widening performanceal germinative in interpolitical chaffer. 8. 2 Pharmaceutical toil is one of the fastest growing sectors in Bangladesh after a suitableness domiciliary chaffer valued at IIS$I . 136 billion and a unfoldment scold of 23. 59% in 2011. There are 260 registered pharmaceutical companies, unarranged which 191 are in performance. The fictitious products of these companies are parley 90% of the domiciliary modification. Historically, Bangladesh has been contingent on purports for ingredients in Pharmaceutical toil. The pharmaceutical companies in Bangladesh reap raw materials from diversified countries namely I-J, France, Germany, Japan, Holland, Italy, Denmark, China, Switzerland, Austria, Hungary, India, Irefix etc. Recently, topical decideds feel been approaching to conceding ingredients topically. These feel cheap dependency on purported raw materials to 70% of whole. 8. 3 Bangladesh has dreadful possibilities to do a lot amelioscold by focusing on biotechnology and genetic engineering. With the use of genetic engineering, the precious and casually profitable offal has behove widely chaffered and cheaper. The ever- advancing pharmaceutical companies in Bangladesh feel agoing to unfold different and abandoned biotech units. Bangladesh has made use of bioinformatics technology to progression the Jute genome and the genome of a destructive fungus, microphone occupation that feel impression on the advancement of Jute fiber. The province is now capable of conceding deferred livelihood after a suitableness the selfselfsame or close aggregate of fix in index due to the use of biotechnology in farming. Other than molecular biology drudgeatories at the University of Dacha, the Bangladesh Academy of Sciences, through its program in farming and morals sciences underneathneath the auspices of United Stated Department of Farming (USDA), is hardly sustaining wholely a good-natured-natured estimate f projects in the unroving universities and investigation organizations. Different common universities including the unroving ones and National Institute of Biotechnology (NIB) are inaugurated on diversified 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 fleshly genetic engineering (Source: Insufficiency Chuddar and Md. Racial Hosing, "Biotechnology and Genetic Engineering", the Daily Star, 21 March, 2013). An overview f division of biotechnology and their products and services are absorbed in the subjoined fugue (Source: Sheikh Mizzen, "Medical Biotechnology: Problems and Biotech Toil in Bangladesh By Keenan 8. According to the global accounting decided Ernst & Young, the whole biotechnology toil revenues were encircling IIS$ 89. 8 billion in 2012 clustered about United States, Europe, Canada and Australia. In all Asian countries, the synods are the ones driving biotech investigation. Not-public toil's role, in similitude, is insufficiency owing biotech investigation requires vast investments in infrastructure and has a droop cash-burn scold, suitableness the avail in the judicious years are wholely low. However, hale investigation-focused not-public players are astride emerging in countries such as China, India, Taiwan, South Korea and Singapore. 8. 5 Biotechnology, distinctly Medical Biotechnology, is a very prospective area of unfoldment for unfolding countries approve Bangladesh owing the province blessed after a suitableness high-flavored biodiversity, low consume of drudge in investigation, unfoldment and manufacturing. In specification, the province can besides instrument big ship-produce germinative and contractual investigation, and apprehend fairly vast topical chaffer. However, in Bangladesh the arena of existent medical biotechnology is stationary fresh. The infer following it is that decay and responsibilities on the dissect of synod touching unfoldment of biotechnology, flit of experts to unfolded countries, unawareness and disinterest of the entrepreneur in investing in investigation and unfoldment and pliant junction to attainments and notice network. Besides, adverse psychical wealth fit and exchange allow imposed by the unfolded countries are constantly be a tenor for unsatisfactory countries approve Bangladesh.