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28 Firms Commit To Invest Rs 6000 Cr Amid Global Ayush Summit: Govt

The ministry said that the Ayush sector has witnessed significant growth from USD 3 billion in 2014 to more than USD 18 billion

Photo Credit : PTI

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Ayush ministry has received a letter of intent (LOI) from 28 companies to the tune of Rs 6,000 crore. This will help create over 5.5 lakh jobs and positively impact over 76 lakh lives, said Secretary, Ministry of Ayush, Vaidya Rajesh Kotecha said. 

In a press conference on the second day of the Global Ayush Investment and Innovation Summit 2022, he informed that there are various MoUs signed with different countries as well as the ministry of defence to start Ayush facilities in over 35 cantonment areas across India. 

With the ministry of science and technology to promote cross-collaboration with CSIR for joint PhD programmes and for mechanistic studies in Ayush, he said. 

“There is immense scope in the Ayush sector. The government budget in the sector has increased over four times from Rs 691 crore in 2014 to Rs 3050 crore in the last budget. The market also has grown exponentially from Rs 22,000 crore in 2014 to Rs 1.14 lakh crore,” he further added.

The ministry said that the Ayush sector has witnessed significant growth from USD 3 billion in 2014 to more than USD 18 billion. 

Various countries including Columbia, Mexico, Cuba, Germany, Jamaica, Kyrgyzstan and Thailand, committed themselves to increase their collaboration with the Ministry of Ayush.


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government india AYUSH