Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 17 2017

Ayurveda market to increase $8 billion by 2022

Ayush secretary Rajesh Kotecha request for integration of research and teaching in the field of Ayurveda

Ayurveda market to increase $8 billion by 2022

Union Minister of State for AYUSH Shripad Yesso Naik said” A threefold increase in market size of Ayurvedic Products from $2.5 billion to $8 billion is expected by 2022.

Addressing an Ayurveda Conclave Yesso Naik said “Ayurveda is witnessing a resurgence in India and around the globe. It advocates preventive healthcare methods of treatment; it is not a system of medicine, but a science of life and longevity and ayurveda will provide affordable health care.

The programme was jointly organised by the Ministry of AYUSH and the Confederation of Indian Industry (CII).

Naik also said“the government had already begun work on building AIIMS-like facilities for Ayurveda across India to promote the science. To converge the research approach of AYUSH systems with the modern system of medicine, the Ministry of AYUSH and the Indian Council of Medical Research have decided to have molecular-based studies on specific leads from the ministry.”

On the occasion, Ayush secretary Rajesh Kotecha request for integration of research and teaching in the field of Ayurveda.

While addressing Kotecha said “We have to look at research integration and teaching. Entrepreneurs must leverage the huge demand for Ayurveda.”

President of CII and Vice Chairperson of Apollo Hospital Enterprises Shobana Kamineni said “only 10 per cent of the Indian population would visit Ayurvedic centres currently. Ayurveda's rich heritage and recognition as an alternative system of medicine in developed countries provides a good foundation to set an ambitious growth goal defined by increasing market share, customer access and profitability in both India and global markets.”

 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Universities (including Overseas Franchises)
    About Us: TASA Asia provides Personalized Study Abroad & Vocations Abroad..
    Locations looking for expansion Maharashtra
    Establishment year 1990
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Our Products Range: PCEYE PCEYE is Computer Activity Monitoring Software in..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size
    Space required 50
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Vadodara Gujarat
  • Other Vocational Training
    About Us: International School of Design has established itself in arts, design..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Casual Dine Restaurants
    About us: The first Kenny Rogers restaurant was opened in coral..
    Locations looking for expansion New Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities