Preparatory meeting for First National Summit on Invest in AYUSH held

The AYUSH Minister also said that Ministry of AYUSH has signed MoU with Ministry of Micro Small and Medium Enterprises (MSME) to develop entrepreneurs in AYUSH sector and to strengthen the existing AYUSH Industry sector including manufacturers of AYUSH drugs, cosmetics, food supplements, hospital industry, etc. He further said that we will be working with MSME to organize 50 Entrepreneurship Development Programs in next one year in different cities covering all the states across the country.

The Minister also said that the Ministry has taken a challenge to create one lakh job opportunities in AYUSH Sector under the Champion Sector Scheme as devised by Union Cabinet and the Ministry is working with Commerce Ministry to support non-government sector to establish many international standard Ayurveda and other AYUSH Hospitals.

The Minister further added that the ministry is also developing horizontal integration with other Ministries of Government of India. He said that Ministry of Railways has agreed to set up AYUSH wing in 5 railway hospitals. Likewise, Ministry of Health & Family Welfare, Home Ministry, Ministry of Defence, Ministry of Labour is also setting AYUSH wings in hospitals under their respective ministries. Shri Naik said that many PSUs have also come forward to set up AYUSH hospitals.

Ministry of AYUSH has taken many initiatives for promotion and propagation of AYUSH systems. There is the growth of 15.38% in the number of patients treated with AYUSH systems of Medicine through AYUSH Hospitals and Dispensaries in the last four years.

 The Government of India has allowed hundred per cent foreign direct investments in the health sector. Due to the resurgence in the global demand for AYUSH and Herbal products, the total value of Export the AYUSH and Herbal products has increased to from USD 354.68 million in the year 2014 -15 to USD 401.68 million in the year 2016-17 in the global market.