Navana Pharmaceuticals has announced plans to set up an herbal division at its factory, pending regulatory approval.
The decision was made during a board meeting held on Wednesday, according to a disclosure published on the Dhaka Stock Exchange website.
The disclosure added that, the proposed division will cover around 10,000 square feet and require an investment of Tk聽20.85 crore. The funding will come from both internal and external sources.
The company expects the herbal division to be operational within five years and projects it would generate Tk聽40 crore in revenue during its first year of operation.
Navana Pharmaceuticals, established in 1992, currently operates two divisions including veterinary and human health. 鈥� Press release
