The tax break for local pharmaceutical raw material producers will be continued till 2032 by the National Board of Revenue (NBR). However, it is subject to compliance of certain conditions like the introduction of at least 5 new ingredients every year.
This has been done by the NBR to facilitate self-reliance on active pharmaceutical ingredients (API) and laboratory reagents. The total demand for raw materials is worth Tk6,000 Crore growing 12 per cent every year according to Bangladesh Association of Pharmaceutical Industries (BAPI). Currently, the companies can meet the demand of Tk400