Azista Bhutan - A Pharmaceutical Plant To Be Set Up In Samdrup Jongkhar In 2019

The ground-breaking ceremony for the construction of the pharmaceutical plant at Motanga Industrial Park was held on 17 May.

Bhutan Pharmaceuticals. (Source: Shutterstock)

 

By Pema Seldon | Business Bhutan

Azista Bhutan Healthcare Limited (ABHL) will be setting up a full-fledged pharmaceutical plant. It will be located at Motanga Industrial Park, Samdrup Jongkhar. It plans to manufacture, package and distribute a wide range of prescription medicines under the brand Azista Bhutan.

The ground-breaking ceremony for the construction of the pharmaceutical plant at Motanga Industrial Park was held on 17 May and the facility would be the first of its kind in Bhutan. The total cost of the project is Nu 200mn.

Promoting Azista Bhutan in the international market

Given the rising demand for pharmaceutical products both in the local and international markets, and the fact that Bhutan has been importing all allopathic drugs from abroad, Druk Holding and Investments (DHI) took the initiative not only to curb imports but also to promote Brand Bhutan in a global market. This is achieved through the export of locally manufactured, quality pharmaceutical products.

According to a press release issued by DHI, it has been exploring investments in various business sectors, which has immense contributions toward the socio-economic development of the country.

“One such initiative is Azista Bhutan Healthcare Limited (ABHL), a joint venture company of Azista Industries Pvt. Ltd., India and Druk Holding & Investments Ltd,” the press release states.

Once operational, the company would be manufacturing, packaging and distributing 99 types of products under 17 major therapies. Besides meeting domestic demand for pharmaceutical products, the plant will also export to India and abroad.

Benefits of the project

The project is expected to bring lots of benefits to the economy in terms of foreign currency earnings from export, import of know-how but most importantly, it can provide employment opportunities.

The company is projected to employ 190 people in various occupational fields. In addition, local skill development for manufacturing pharmaceutical products would remain as the top priority of this project.

ABHL will eventually set up its own Research and Development (R & D) unit to improve the quality of its products and introduce a new range of goods in Bhutan and the overseas market.

Fostering a culture of innovation in Bhutan

This R&D initiative is expected to bring about much a much needed culture of innovation in Bhutan to meet social and commercial interest.

“Pharmaceutical as a clean industry is known for not generating any toxic and hazardous effluents. The state of the art technology that would be deployed for this project will ensure that the plant does not emit hazardous materials into the atmosphere,” the press release states.

ABHL is a project that is in compliance with the country’s developmental philosophy of Gross National Happiness.

The construction of the plant will start once the monsoon season is over and is expected to be completed in the second quarter of 2019.

 

This article first appeared in Business Bhutan and has been edited for the Bhutan Times.

 


Related Posts

Seven Business Ideas Win Cash Prizes At The Business Idea...

"A business idea’s real worth lies in the successful execution and not in the idea itself."

May 14, 2018 10:58

Mekong Business Challenge 2018

The 12th Mekong Business Challenge will bring together 11 university teams to compete in the region’s business model...

Mar 29, 2018 22:25

Top Five Business Ideas Bag Grants at National Start-up Weekend

Prime Minister Tshering Tobgay said during the prize awarding ceremony that although the government has been promoting...

Mar 20, 2018 22:53

Techstars Startup Weekend Bhutan (Eco-Tourism): 54 Hours where...

The eventful weekend saw 130 keen people in attendance, of which 56 pitched ideas. This was the fifth time that such an...

Nov 29, 2017 08:46

Bhutan National Start-Up Weekend Begins

The MoIC Minister DN Dhungyel said that there is a need to change the expectations of youth who thinks that the...

Mar 17, 2018 12:05

Start-ups in Bhutan Will Benefit with More Funding

“However, in Bhutan most start-ups can’t do much marketing because of financial constraints.”

Apr 07, 2018 18:00

Latest

News

Bhutan’s Satellite Deployed From ISS Along With Limited Edition Stamps Launched To Laud Event

Live-streamed on YouTube, representatives from various countries and institutes gathered at the Japan Aerospace Exploration Agency (JAXA) in...

Aug 11, 2018 16:08

Daily Professional Fee Proposed For Tour Guides To Boost Tourism In Bhutan

Such an initiative is also thought to help boost the image of the profession in Bhutan and retain senior tour guides.

Aug 10, 2018 12:09

Features

Discover Raju’s Passion For Making The Traditional Bhutanese Bow And Arrow

The class VI drop-out earns at least Nu 8,000 a month by making bows and arrows.

Aug 08, 2018 16:09

Bhutan Marks World Ranger Day To Honour Women Rangers In The Country

The day, themed ‘Stand with the World’s Rangers’, was aimed at recognising women rangers in the country. Today, the forestry department has...

Aug 02, 2018 17:53

Sports

The Myriad Of Sporting Facilities Constructed In Bhutan To Promote Healthy Living

The government in its 11th FYP report stated that it undertook the development of various infrastructure and institutions to promote sports...

Jul 29, 2018 08:33

Adolescent Girls In Bhutan Learn About Health And Sanitation Through Weeklong District Cricket Championship

The national nutrition survey 2015 conducted by the Ministry of Health and UNICEF Bhutan found anaemia in adolescent girls to be a critical...

Jul 21, 2018 16:29

Business

Start-up Centre In Bhutan Held Session To Provide Advice On Doing Business For Entrepreneurs

Guidance was provided during the first session on starting a business held at the newly established start-up centre at Changzamtog, Thimphu.

Aug 14, 2018 12:06

SDF To Develop E-Commerce Platform And Support Start-Ups In The South Asian Region

The SDF has already achieved and disbursed US$ 47mn for 12 cross-border projects.

Jul 24, 2018 09:03

Travel

About 91 % Of International Visitors Intend To Revisit Bhutan And 85 % Want To Recommend Nation Of Happiness To Others

The majority (80.4 %) of the international visitors expressed that the culture and traditional charm attracted them to Bhutan.

Aug 13, 2018 12:11

DrukAir To Fly Between Bhutan And Singapore Via Guwahati Starting Sept 1

The new flight will connect Paro to Singapore via Guwahati.

Aug 09, 2018 10:37

Lifestyle

Gokab – The First Dance Studio To Be Registered In Bhutan For Dancing Enthusiasts

Gokab, a youth group comprising of mostly dance enthusiasts, has seen a healthy growth of membership numbers since its inception in 2015.

Aug 12, 2018 15:44

Red Rice Is Bhutan's Staple Food And This Brewery Has Turned It Into Its Flagship Beer

Namgay Artisanal Brewery is the new kid on the block and it’s got everyone talking about its red rice lager.

Aug 03, 2018 14:04

Subscribe to our newsletter

Never miss out on new happenings and news stories!