Ayush market size crosses US Dollars 18 Billion: Sarbananda Sonowal

NEW DELHI: Union Ayush Minister Sarabananda Sonowal on Friday informed that the market size of AYUSH has grown by 17 percent in 2014-20 to reach US dollars. 18.1 billion.

Speaking at the inauguration of ‘AYUR-UDYAMAH’ at Vigyan Bhawan, where he released the RIS report titled ‘AYUSH Sector in India: Prospects and Challenges’.

Ayush medicines have done exceedingly well in helping Covid19 patients recover faster across the world during the first and second wave of pandemic in the last one and a half years, Sonowal said.

Talking about the new incubation centre, Sonowal referred to PM Narendra Modi’s Independence Day speech where he said that the Start-ups were the new types of wealth creators in the country.

“He outlined the need of the government to relentlessly work towards making India’s Start-ups and the Start-up Ecosystem, the best in the world. This will contribute to the long term vision of AatmNirbhar Bharat,” Sonowal said.

The minister said that the new ideas need a conducive environment to prosper and the centre will help young entrepreneurs to establish themselves before they scale up their ventures.

“I hope the Start Up initiative will help Ayushentrepreneurs in translating innovations into products and services that are commercially viable. This Food Start up initiative under the leadership of Mr. Rajesh Kotecha, Secretary Ministry of Ayush, Prof Tanuja Manoj Nesari, Director AIIA and the whole team of AIIA will have close linkages of the Ayush ministry with other ministries of Govt of India such as Ministry of Commerce, Ministry of Food Processing Industries and MSME and will be an ideal platform of knowledge exchange,” Sonowal said.

The minister said that AIIA was also working in preparation of a Diabetes Protocol where the experts from all over the country have contributed to prevention and management of diabetes in the public health initiative.

“The protocol will help the practitioners, research scholars and academicians to fulfil the needs of diabetic care and to know recent advancements in the field,” he said