Rajitha cautions of possible monopoly in medicine market

Rajitha cautions of possible monopoly in medicine market

Rajitha cautions of possible monopoly in medicine market

Written by Amani Nilar

03 Jun, 2022 | 7:28 pm

COLOMBO (News 1st); Former Minister of Health, Rajitha Senarathne demanded as to why the Government is not importing raw materials required to manufacture medicine in the country.

Commenting on the medicine shortage in the country, the former Minister pointed out that there is a shortage of 52 pharmaceutical drugs in the country, which includes medicines used to treat high blood pressure, diabetes and even seizures.

Moreover, he said that there is also a shortage in 16 emergency life-saving medicines, which could lead to the death of a patient.

In addition to this, the former Health Minister said that there is a shortage of 16 essential items necessary to conduct a surgery.

The MP, however said that India, being aware of the medicine shortage, imposed restrictions to prevent Sri Lanka from importing medicine from any other country except for India, along with its Line of Credit.

According to the conditions of this credit line, Sri Lanka cannot import medicine from any other country, even if it is possible to purchase these medicines for a lesser price from another country, which would eventually eliminate competition in the market.

He stated that as many medicines are already being manufactured in Sri Lanka, the Government can instead import the raw materials needed for the production of medicine, and can even save foreign exchange in the process.

Latest News


Are you interested in advertising on our website or video channel
Please contact us at [email protected]