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Aster Pharmacy forays into Bangladesh

Partners with GD Assist to set up 25 pharmaceutical stores

Aster DM Healthcare has entered into a long-term franchise agreement with GD Assist to operate the pharmacies in Bangladesh


Aster DM Healthcare, one of the largest integrated healthcare providers in GCC and India, has announced its entry into the Bangladesh market with Aster Pharmacy division. Aster Pharmacy, the leading pharmacy chain in the UAE, will be operated by GD Assist in Bangladesh.

Through this franchise agreement, Aster DM Healthcare and GD Assist aim to provide genuine and reliable pharmaceutical products in Bangladesh along with varied products in the segments of nutrition, baby care, skin care, home healthcare etc.

Through this long-term agreement with GD Assist, Aster Pharmacy aims to expand its horizons beyond the UAE, India, Oman, Qatar, Bahrain and Jordan into other territories to provide customer-centric experience and genuine pharmaceutical and non-pharmaceutical products. GD Assist plans to open and operate a minimum of 25 stores located in high streets, communities and shopping malls of Bangladesh over three years.

Speaking on the venture, Alisha Moopen, Deputy MD, Aster DM Healthcare, said, “Since its inception over two decades ago, Aster Pharmacy has been a one-stop solution for medicines and wellness products. We have invested in our care offering and revamped the infrastructure and talent to ensure the best service experience to our customers and continued this endeavour during the pandemic to ensure patient safety and well-being. And now, we are looking to venture into a new market to serve more people and expand our footprint.”

Syed Moinuddin Ahmed, MD, GD Assist, stated, “GD Assist was established with the aspiration to become a prominent one-stop healthcare solution provider. As such, it is our great delight to partake in this new venture with Aster Pharmacy! This partnership is enabling us to step into the new era by introducing world-class healthcare products of different segments, which would subsequently provide us with the opportunity to cater to the healthcare needs of the people of Bangladesh, on par with international standards.”

“With its vast experience over the years and leadership positioning in several markets that we operate in, Aster Pharmacy is fast emerging as a global pioneer in Health and Wellness and Integrated Pharmacy Concept. We are delighted to collaborate with GD Assist to launch Aster Pharmacy stores in Bangladesh which would provide the customers with a very unique and superior wellness experience,” added NS Balasubramanian, CEO, Aster Retail GCC.

Farzanah Chowdhury, Director, GD Assist,  claimed, “As we venture into this partnership with Aster Pharmacy as their operational partner for Bangladesh, we at GD Assist are hopeful about succeeding in setting new standards in the Bangladeshi healthcare products industry by making Aster’s world class product line in nutrition, pharmaceuticals, baby care, skin care, home healthcare, etc. available in the Bangladeshi market and thus we aspire to revolutionise the industry in the coming years.”

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