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He said that the Ministry of Ayush has taken several major steps to encourage a startup culture in the field of traditional medicines
Photo Credit : PM Modi/ Twitter
Prime Minister Narendra Modi on Wednesday inaugurated the Global Ayush Investment and Innovation Summit at Mahatma Mandir in Gandhinagar, Gujarat.
Speaking at the event, the Modi said that the idea of the Global Ayush Investment and 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.
He 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 that 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 was inaugurated, Modi informed.
Describing the current age, the era of unicorns, the Prime Minister informed that in the year 2022 itself, so far 14 start-ups from India have joined the Unicorn Club. "I am sure unicorns will emerge from our Ayush start-ups very soon," he hoped.
The Prime Minister of Mauritius Pravind Kumar Jugnauth and Dr Tedros Ghebreyesus, Director-General, World Health Organisation (WHO) were present on the occasion along with the union ministers Dr Mansukh Mandavia, Sabananda Sonowal, Munjapara Mahendrabhai and Chief Minister of Gujarat Bhupendrabhai Patel.
Dr Tedros Ghebreyesus said that India’s philosophy of ‘Vasudhaiva Kutumbakam’ is the driving force behind the launch of the WHO global centre for traditional medicine (GCTM) in Jamnagar. He said that the establishment of the Centre is historic and will prove to be a game-changer.
He informed that the centre is designed to be an engine of innovation to drive the agenda of evidence, data and sustainability and optimization of the use of traditional medicine.
Also, Jugnauth noted India’s support in the health sphere in his country. He informed about the establishment of an Ayurvedic hospital in Mauritius and thanked India for a donation of traditional medicines during the first lockdown.