New Delhi, December 07, 2017: Union Minister of Commerce & Industry Suresh Prabhu said on Monday that with a wealth of 6,600 medicinal plants, India is the second largest exporter of AYUSH and herbal products in the world and they now have an opportunity to mainstream the Indian system of medicine and integrate the AYUSH infrastructure into the healthcare system.
Delivering the special address at the inaugural session, Mr Prabhu said this infrastructure consists of 1,355 hospitals with 53,296-bed capacity, 22,635 dispensaries, 450 undergraduate colleges, 9,493 licensed manufacturing units, and 7.18 lakh registered practitioners.
He said, “We want to tap the maximum potential of AYUSH systems in imparting preventive, promotive and holistic healthcare to the people.”
He added that in the recent past, they have seen a resurgence of interest in traditional systems of medicine due to their enormous utility in tackling lifestyle disorders. People from across the world are coming to India for health-restorative cum alternative treatments.
Talking about the opportunity, Mr Prabhu said, “The Indian domestic market of AYUSH is estimated to be Rs 500 crore, while exports amount to Rs 200 crore. Young entrepreneurs planning a start-up could find a lot of opportunities in holistic healthcare. The Government has allowed 100% FDI in AYUSH. The AYUSH industry is expected to grow in double digits and provide direct employment to 1 million people and indirect employment to 25 million people by 2020. All stakeholders need to pool their resources to harness this vast potential.”
International Arogya 2017, the first international conference and exhibition on AYUSH and wellness systems organized by FICCI in collaboration with Ministry of AYUSH, Ministry of Commerce & Industry and Pharmexcil, began here today in the presence of more than 1,500 delegates from India as well as visitors and hosted delegations from over 60 countries.
The four-day event, which will conclude on December 7, is being held in the backdrop of the National Health Policy 2017 strongly advocating mainstreaming the potential of AYUSH within a pluralistic system of Integrative healthcare. It will showcase the strength and scientific validation of traditional Indian systems of medicine in the global context, including Ayurveda, Yoga and Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy (AYUSH), and facilitate their worldwide promotion, development and recognition.
United News of India