• #163, Kirulapone Avenue, Colombo 05, Sri Lanka
  • +94 112 51 5759

sintami

New pharmaceutical manufacturer opens at pallekelle industrial park

BOI news 2017 6 28Celogen Lanka (Pvt) Ltd., a new plant to manufacture pharmaceuticals, was opened recently at the BOI Kandy Industrial Park at Pallekelle.
 


The new plant was formally opened by H E President Maithripala Sirisena, with leading personalities such as Hon. Rajitha Senaratne - Minister of Health and Indigenous Medicine and Mr. Upul Jayasuriya, Chairman of Board of Investment of Sri Lanka and other dignitaries present.


The manufacturing facility is very significant because it is a joint venture between Sri Lankan and Indian entrepreneurs with an investment value of US$ 6.6 Mn.   It will create employment for 150 workers including 80 university graduates.  The Company will be producing a wide range of tablets including Metformin, Losartan potassium and Atorvastatin, capsules such as Omeprazole and Soft Gel Vitamin A, E and A & D.  


Currently Sri Lanka imports approximately US$ 1 billion worth of pharmaceutical products and is almost entirely dependent on imports.    The Government’s ambitious target is to reduce imports of pharmaceuticals by 70% by 2020.  



Hence the manufacture of pharmaceuticals is a targets sector of the Government of Sri Lanka for import substitution.  It is also a thrust sector of the BOI and is actively promoted by the Board.

LATEST POSTS

07.01.2019

09 January 2019
07.01.2019

Decisions taken by the Cabinet of Ministers at its meeting...

Press Release 20.12.2018

20 December 2018
Press Release 20.12.2018

The new Cabinet of Ministers took their oaths before President...

Cabinet Decisions - 13.11.2018

14 November 2018
Cabinet Decisions - 13.11.2018

Decisions taken by the Cabinet of Ministers at its meeting...

Cabinet Decisions - 05.11.2018

07 November 2018
Cabinet Decisions - 05.11.2018

Decisions taken by the Cabinet of Ministers at its meeting...

The department assists media in a macro level in welfare, training, policy planning and accreditation, and providing easy access to Government news and information.