Thiruvananthapuram

29°C

Haze

Enter word or phrase

Look for articles in

Last Updated Monday December 04 2017 03:36 PM IST

26 million jobs by 2020, Prabhu pegs hopes on AYUSH

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Ayurveda treatment 100% FDI has been allowed in AYUSH which is expected to become the future money spinner: File photo

New Delhi: The AYUSH industry is expected to grow in double digits and provide direct employment to 1 million people and indirect jobs to 25 million persons by 2020, union minister Suresh Prabhu said Monday.

The government is eyeing a three-fold increase in the AYUSH sector by 2022.

AYUSH stands for traditional systems of medicine and healthcare such as Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy.

"The Indian domestic market of AYUSH is estimated to be Rs 500 crore, while exports amount to Rs 200 crore. Young Indian entrepreneurs planning a start-up could find a lot of opportunities in holistic healthcare," Prabhu said.

Addressing the conference on wellness, Arogya 2017, here, the commerce and industry minister said the government will be happy to work with all countries to create a good proposition wherein knowledge of traditional medicine can be transmitted to people, whereby a win-win situation can be developed.

He pointed out that the government has allowed 100 per cent foreign direct investment (FDI) in AYUSH, and highlighted the need for stakeholders to pool in their resources to harness the sector's vast potential.

"With a wealth of 6,600 medicinal plants, India is the second largest exporter of AYUSH and herbal products in the world. We now have the opportunity to mainstream the Indian system of medicine and integrate the AYUSH infrastructure into Indian healthcare system," Prabhu said.

The secretary in the AYUSH ministry, Vaidya Rajesh Kotecha, said the ministry is committed to increasing the size of AYUSH sector three-fold in the next five years.

Read more at: Latest in Nation | Brahmaputra turning black could be a natural phenomenon, says center

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert