Govt. gives Rs. 44 billion boost for locally manufactured medicines

• 5opn1
• December 4, 2024
• Political
• Govt. gives Rs. 44 billion boost for locally manufactured medicines
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The Government has approved the procurement of medicines and medical supplies worth over Rs. 44 billion from local manufacturers, aiming to address shortages in hospitals and clinics, while giving a boost to the pharmaceutical industry.

The decision follows recommendations by the Standing Procurement Committee appointed by the Cabinet of Ministers.

The procurement plan is based on approvals granted at the Cabinet meeting on 14 October 2024 targeting one-year supply of locally manufactured medicines.

The Health Ministry prepared these four procurement lists to ensure seamless delivery which includes; medicines supplied by the State Pharmaceuticals Corporation (SPC), products from local producers in joint ventures with the SPC, supplies under easy purchase agreements with the Health Ministry and supplies from newly identified local producers currently not under agreements.