Navana Pharmaceuticals has announced plans to establish a new herbal division at its factory, with an investment of Tk 20.85 crore. The division, expected to generate Tk 40 crore in revenue in its first year, will cover 10,000 square feet and is set to be completed in five years, pending regulatory approval.
This expansion is aimed at tapping into the growing demand for natural, plant-based health products. The new division will provide a fresh revenue stream and help Navana diversify its offerings, responding to the global trend towards wellness and natural remedies.
The investment will also contribute to job creation, benefiting the local economy. The announcement has already led to a positive response in the stock market, with Navana’s shares rising by 2.88% to Tk 46.5.
Founded in 1992, Navana Pharmaceuticals has established a strong presence in both the veterinary and human health sectors. This new herbal division marks an important step in the company’s growth strategy, allowing it to meet the rising demand for natural products and expand its reach in the pharmaceutical market.
Source: The Daily Star
