AYUSH sector has increased to more than USD 18 bn from less than USD 3 bn in 2014, says Prime Minister Narendra Modi
June 3, 2023
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
    • Podcast
SUBSCRIBE
No Result
View All Result
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
    • Podcast
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • My States
  • Vocal4Local
  • Subscribe
Home Bharat

AYUSH sector has increased to more than USD 18 bn from less than USD 3 bn in 2014, says Prime Minister Narendra Modi

Prime Minister Narendra Modi said the Ministry of AYUSH has taken several major steps to encourage a startup culture in the field of traditional medicines.

WEB DESK by WEB DESK
Apr 20, 2022, 04:01 pm IST
in Bharat
Prime Minister Narendra Modi addressing at Global AYUSH Investment and Innovation Summit in Gandhinagar (Photo Source: ANI)

Prime Minister Narendra Modi addressing at Global AYUSH Investment and Innovation Summit in Gandhinagar (Photo Source: ANI)

Share on FacebookShare on TwitterTelegramEmail

Gandhinagar (Gujarat) [India]: Prime Minister Narendra Modi, while inaugurating the Global AYUSH Investment and Innovation Summit in Gandhinagar on Wednesday (April 20), said the AYUSH sector has increased to more than USD 18 billion with unprecedented growth in the production of AYUSH medicines, supplements and cosmetics.

The Prime Minister said, “We are already witnessing unprecedented growth in the production of AYUSH medicines, supplements and cosmetics. In 2014, where the AYUSH sector was less than USD 3 billion, today it has increased to more than USD 18 billion.”

He said the Ministry of AYUSH has taken several major steps to encourage a startup culture in the field of traditional medicines. A few days back, an incubation centre developed by the All India Institute of Ayurveda has been inaugurated, informed PM Modi.

Describing the current age, the era of unicorns, the Prime Minister informed that in the year 2022 itself, so far, 14 startups from India have joined the Unicorn Club.

“I am sure unicorns will emerge from our AYUSH startups very soon”, he hoped. Noting that the production of medicinal plants can be a good means of increasing the income and livelihood of the farmers and the scope of employment generation in this, the Prime Minister highlighted the importance of a facility to easily connect with the market for the farmers involved in the production of medicinal plants. For this, the government is also working on modernization and expansion of AYUSH e-marketplace,” said the Prime Minister.

India is a treasure trove of herbal plants; it is, in a way, our ‘Green Gold’, said the Prime Minister stressed.

PM Modi said the idea of the Global AYUSH Investment & Innovation Summit came to him during the time of the pandemic when Ayush provided strong support for improving the immunity of the people and Ayush products saw surge of interest and demand.

Recalling Indian efforts to tackle the pandemic, the Prime Minister noted the promise shown by the modern pharma companies and vaccine manufacturers if they get investment at the right time. “Who could have imagined that we would be able to develop the COVID vaccine so soon?” he asked.

In his address, PM Modi said the possibilities of investment and innovation in the field of AYUSH are limitless. “We are already witnessing an unprecedented boom in the production of AYUSH medicines, supplements and cosmetics,” added the Prime Minister.

The Prime Minister of Mauritius Pravind Kumar Jugnauth and Dr Tedros Ghebreyesus, Director-General, World Health Organization (WHO), Union Ministers Mansukh Mandavia, AYUSH Minister Sarbananda Sonowal, Minister of State for Woman and Child Development Munjapara Mahendrabhai and Chief Minister of Gujarat Bhupendrabhai Patel were present on occasion.

The three-day summit will witness plenary sessions, roundtables, workshops, and symposiums, with the presence of around 90 eminent speakers and 100 exhibitors. The Summit will help uncover investment potential and give a fillip to innovation, research and development, the startup ecosystem, and the wellness industry. It will help bring together industry leaders, academicians and scholars together and act as a platform for future collaborations. (ANI)

 

Topics: Ayurvedic MedicinesGlobal AYUSH Investment and Innovation Summit in GandhinagarIndiaAyurvedaNarendra ModiCovidAYUSHGlobal AYUSH Investment and Innovation Summit
Share1TweetSendShareSend
Previous News

Ukrainian crisis: NATO policy the root cause

Next News

Govt sets record food grain production target of 328 million tonnes

Related News

India, EU Connectivity Conference held in Meghalaya to explore investments in North Eastern States

India, EU Connectivity Conference held in Meghalaya to explore investments in North Eastern States

PM Narendra Modi invited to address the joint meeting of the US Congress on June 22, 2023

PM Narendra Modi invited to address the joint meeting of the US Congress on June 22, 2023

Pakistan’s economy continues to deteriorate; records record high inflation of 38 per cent, bypasses Sri Lanka

Pakistan’s economy continues to deteriorate; records record high inflation of 38 per cent, bypasses Sri Lanka

Modi Governmnet approves CITIIS 2.0 programme for integrated waste management: Union Minister Anurag Thakur

Modi Governmnet approves CITIIS 2.0 programme for integrated waste management: Union Minister Anurag Thakur

Two days India-EU Global Gateway Conference begins today — Know the details

Two days India-EU Global Gateway Conference begins today — Know the details

PM Modi and Nepal PM Pushpa Dahal hold bilateral talks at Hyderabad House

PM Modi and Nepal PM Pushpa Dahal hold bilateral talks at Hyderabad House

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Odisha Train Accident: PM Modi visited crash site in Balasore, death toll rises to 290; rescue operation underway

Odisha Train Accident: PM Modi visited crash site in Balasore, death toll rises to 290; rescue operation underway

Auto Draft

Two safety leaders, Ella Irwin & AJ Brown, left Twitter

India, EU Connectivity Conference held in Meghalaya to explore investments in North Eastern States

India, EU Connectivity Conference held in Meghalaya to explore investments in North Eastern States

Odisha Train Accident: Death toll rises to 238, rescue operation underway

Odisha train accident one of deadliest tragedy in history—Here’s a list of major rail accidents

Loka Kerala Sabha: Controversy over CM Vijayan New York event, Oppn claims up to Rs 85 lakh charge to sit close to CM

Loka Kerala Sabha: Controversy over CM Vijayan New York event, Oppn claims up to Rs 85 lakh charge to sit close to CM

Ladakh Scouts Regiment celebrates Diamond Jubilee – All you want to know

Ladakh Scouts Regiment celebrates Diamond Jubilee – All you want to know

Madhya Pradesh: Following ‘Organiser’ report, Shivraj Singh Chouhan banned Hijab and Iqbal’s poem at Damoh school

Madhya Pradesh: Following ‘Organiser’ report, Shivraj Singh Chouhan banned Hijab and Iqbal’s poem at Damoh school

Major success for security forces in Jharkhand, two dreaded Maoist commanders neutralised in back-to-back operations

Major success for security forces in Jharkhand, two dreaded Maoist commanders neutralised in back-to-back operations

PM Narendra Modi invited to address the joint meeting of the US Congress on June 22, 2023

PM Narendra Modi invited to address the joint meeting of the US Congress on June 22, 2023

Odisha Train Accident: Death toll rises to 238, rescue operation underway

Odisha Train Accident: Death toll rises to 238, rescue operation underway

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • My States
  • Vocal4Local
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Podcast
  • Subscribe
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Refund and Cancellation

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies