Hotline: 1800 102 2007
X
Search Business Opportunities
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

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.”

 

Comment
image
Related opportunities
  • Car wash / Ceramic Coating / Detailing
    About Us: WASH4SURE is Brand Name of Pragun Services Pvt. Ltd. ..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Quick Service Restaurants
    About Us: A new eatery in town serving  authentic Hungarian chimney..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Furniture/Home Decor & Furnishing
    About Us : Bubblegum furniture, established in 2015, is a concept..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us: At Lassi Corner, we strive to help people transform..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities