PM Modi inaugurates Global AYUSH Investment and Innovation Summit at Gandhinagar in Gujarat; Says Heal in India can become big brand of decade

Prime Minister Narendra Modi today inaugurated the Global AYUSH Investment & Innovation Summit at Mahatma Mandir in Gandhinagar Gujarat. The Prime Minister of Mauritius Pravind Kumar Jugnauth and Director-General of World Health Organization Dr. Tedros Ghebreyesus were also present on this occasion.

Prime Minister Modi also digitally launched Ayush Export Promotion Council on this occasion. Mr. Modi also launched IT initiatives like Ayush Information Hub, Ayush next, Ayusoft etc.

Addressing the inauguration ceremony, the Prime Minister of Mauritius Pravind Kumar Jugnauth said that India is known as the pharmacy of the world. He said that India will emerge as the leader in Ayush, Ayurveda and traditional medicine also.

Speaking on this occasion, the Director-General of the World Health Organization Dr. Tedros Ghebreyesus said that India will go to the whole world and the whole world will come to India through AYUSH. He said that growth in the Ayush sector is significant. He said that the Ayush industry has grown 17 percent per year since 2014 and it is projected to be 23 billion dollars by the end of this year. That is why the entrepreneurs are being attracted in this sector for big investment.

The three-day Global AYUSH Investment & Innovation Summit will witness 5 plenary sessions, 8 roundtables, 6 workshops, and 2 symposiums.  About 90 eminent speakers and 100 exhibitors will also participate in the summit. The Summit will help to uncover investment potential and give a fillip to innovation, research & development, start-up ecosystem and the wellness industry. It will help bring together industry leaders, academicians and scholars together and act as a platform for future collaborations.

Prime Minister Narendra Modi said that we have seen that the modern pharma companies, who are vaccine manufacturers, have shown a great deal if they get investment at the right time. Who could have imagined that we would be able to develop a corona vaccine so quickly? Mr. Modi said that this indicates that innovation and investment can increase the strength of any sector. He said that the AYUSH sector will attract maximum investment in the future and it begins today.

Mr. Modi said that the possibilities of investment and innovation in the field of AYUSH are limitless. We are already witnessing unprecedented growth in the production of AYUSH medicines, supplements and cosmetics. He said that the AYUSH sector was less than $3 billion in 2014, which has now crossed $ 18 billion.

Mr. Modi said that traditional medicine helped in increasing the tourism of Kerala. This power is in the whole of India, in every corner of India. He said that ‘Heal in India’ can become a big brand of this decade. Wellness centers based on Ayurveda, Unani, Siddha etc. can be very popular. Mr. Modi also announced to create a new category for Indian VISA- Ayush VISA, so that foreigners can avail the benefit of Indian expertise in Ayush sector.

Mr. Modi said that FSSAI has also announced a new category named ‘AYUSH Aahar’ in its regulations last week. This will greatly facilitate the producers of herbal nutritional supplements. He said that it is very important that the farmers involved in the production of medicinal plants should get the facility to easily connect with the market. For this, the government is also working on modernization and expansion of AYUSH e-market place.

Prime Minister Modi said that India is also going to make a special AYUSH Mark. This Mark will be applied to the highest quality AYUSH products made in India. This AYUSH Mark will be equipped with the provisions of modern technology. This will give people all over the world the confidence of quality AYUSH products.

The Prime Minister said that this is the era of unicorns in India. 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 said that the Ministry of AYUSH has taken several major steps to encourage startup culture in the field of Traditional Medicines. A few days back an incubation center developed by the All India Institute of Ayurveda was inaugurated.

Gujarat Chief Minister Bhupendra Patel, Union Minister for Ayush Sarbananda Sonowal, Union Health Minister Mansukh Mandaviya were present during the ceremony.