Kathmandu, May 23: Federation of Nepalese Chambers of Commerce and Industries, Confederation of Nepalis industries, Association of Pharmaceutical Producers of Nepal and Nepal Ayurvedic Medicine Producers’ Association have welcomed the government move to impose a ban on the imports of drugs that Nepal is self-reliant on.
Nepal imports drugs of worth Rs 20 billion around in the recent years while one half of the imports is being from India. At a news conference on Monday in the capital city, Vice President of FNCCI Umeshlal Shrestha said that the government policy has given a great sigh of relief for the Nepali producers. The government has banned the import of 37 types of drugs used for cold and cough, malaria, diarrhoea, rheumatic fever and some others.
Chairman of Association of Pharmaceutical Producers of Nepal Shankar Ghimire said that they were making 15 per cent profit by deducting banks’ interest, employees’ salaries, home rent, tax and other expenses.
Currently, 49 drug producing companies are in operation in Nepal and they produce the drugs worth Rs 16 billion per annum. RSS
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