- Last Update 2024-08-30 19:41:00
SPC to produce medicines locally in the next two years
The State Pharmeceuticals Corporation (SPC) of Sri Lanka is to locally produce 90 per cent of medicines required by Sri Lankans in the next two years.
The move is expected to save the SPC around Rs. 40 Billion annually.
The Health Ministry has signed agreements with 46 local and international Pharmaceutical Companies to construct new factories, the government news portal noted.
The first three companies are expected to be built in Horana, Kandy, and Digana.
Meanwhile, a modern factory for pharmaceutical productions was declared open by President Maithripala Sirisena yesterday. The building was constructed at cost of 1240 million Japanese Yen.
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