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Medicines Import Increases to Rs 24.5 billion

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Medicines Import Increases to Rs 24.5 billion
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June 24: Nepal has imported Rs 24.37 billion worth of medicines by the 11 months of the current fiscal year.  As per the statistics of 11 month publicised by the custom department, the import of medicine from India along with other countries has increased by 10 percent in the review period in comparison to the same period of the last FY.  The import of medicine had amounted to Rs 19.29 billion in the same period of the last FY.

Although production of domestic medicine has increased in recent time, it has not been able to replace the foreign medicines.  According to the Association of Pharmaceutical Producers of Nepal (APPON), domestic medicine industries occupy only 45 percent of total medicine market in Nepal. APPON claims of producing nearly 300 types of medicines domestically. The association informs of producing medicines including injectibles and slines. Domestic industries have not been able to supply as per the demand of the market although it has grown by half-fold in a decade. Medicine import has soared due to inability of the government in promoting domestic industries,” says domestic Pharmaceuticals Producers. 

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