New Delhi . The first ever Global AYUSH Investment and Innovation Summit concluded in Gandhinagar with a letter of intent for over Rs 9,000 crore in the AYUSH sector. Investment proposals have come in key categories such as FMCG, medical value travel and services, pharmaceuticals, technology and diagnostics, and farmers and agriculture.
Union Minister of AYUSH Sarbananda Sonowal said, “Investors and entrepreneurs from all over the world have realized the comparative advantage and strength of AYUSH.”
Speaking at the closing ceremony, he said that the summit has been instrumental in developing an enabling framework to attract investments in the sector.
Sonowal said that the opportunities for investment and innovation in the field of AYUSH are limitless.
During the summit, an MoU was signed between the Ministry of AYUSH and the Ministry of Defense to start AYUSH facilities in more than 35 cantonment areas across India.
In all, more than 70 MoUs were signed between countries, research institutes, farmer groups and industry, the Ministry of AYUSH said.
Speaking on the occasion, Union Minister for Sports and Youth Affairs and Information and Broadcasting Anurag Thakur said that the market size of AYUSH has grown from just $3 billion in 2014 to $18 billion in 2022, which is an unprecedented annual growth.
The Union Minister expressed hope that the country would soon see many start-ups and businesses investing in this sector.
Gujarat Governor Acharya Devvrat was the chief guest at the concluding session of the summit.
Minister of State for Tourism Shripad Yesso Naik and Minister of State for AYUSH, Mahendra Munjapara were also present during the function.
—AnyTV News
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