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Union Minister Anurag Thakur pitches for world leadership for India in traditional medicine.

Newdelhi:23/4/22:The first-ever Global AYUSH Investment and Innovation Summit (GAIIS) at Gandhinagar concluded on a high note last night, with the AYUSH sector witnessing letters of Intent (LoIs) of over Rs 9,000 crores.  The investment proposals have come across major categories like FMCG, Medical Value Travel (MVT) and services, pharmaceuticals, technology & diagnostics, and farmers & agriculture.

During the summit, more than 70 MoUs (Memorandum of Understanding) were signed between countries, prestigious research institutes, farmer’s groups and industry.  Other than international exchanges, an MoU was signed between the Ministry of AYUSH and Ministry of Defence to start AYUSH facilities in over 35 cantonment areas across India.Speaking at the valedictory function, Union Minister for AYUSH Sarbananda Sonowal said that the Summit has been instrumental in developing an enabling framework to attract investments in the sector. “The investors and the entrepreneurs of the whole world have realized the comparative advantages which AYUSH is offering, and its strengths” he added. Shri Sonowal further said the investment and innovation opportunities in the field of AYUSH are limitless.

Also speaking on the occasion, Union Minister for Sport & Youth Affairs and Information & Broadcasting, Anurag Thakur said the market size of the AYUSH has witnessed a quantum jump from just over $3 billion in 2014 to $ 18 billion today, clocking a phenomenal annual growth of 75%.  The Minister expressed hope that the country will soon see many Start-ups and businesses investing in this sector.  To encourage competition, Shri Anurag Thakur said we need better packaging of our products and this should be complemented with aggressive marketing and branding.

Group Picture of the Event

The Minister further remarked that “The time has come for India to become Vishwa Guru in traditional medicine. We must work in the spirit of One Earth, One Health and promote Heal in India, making our country the hub of medical tourism”

The Governor of Gujarat Shri Acharya Devvrat was the Chief Guest at the valedictory session of the Summit. MoS for Tourism Shri Shripad Yesso Naik and MoS for AYUSH Dr. Mahendra Munjapara were also present during the function.

The Global Ayush investment and Innovation Summit, 2022 was a distinctive effort by the Government of India to attract the world’s attention to India’s ancient wisdom and traditional knowledge, and capitalize on it to pave the way for a sustainable future. The Summit was organized in line with Sustainable Development Goal Number 3 of promoting “Good Health and Well-being.”

The Summit wrapped up with a total of five plenary sessions, eight roundtables, six workshops, and two symposiums, all packed into a short time span of three days. The summit witnessed the presence of 90 eminent speakers and 100 exhibitors. It also saw participation of more than 30 FMCG companies including Amul, Dabur, Kama Ayurveda, Accord, AyurVAID, Natural Remedies, Ambro Pharma and Patanjali.

The Global AYUSH Investment & Innovation Summit was inaugurated by Prime Minister Narendra Modi in the presence of Prime Minister of Mauritius Pravind Kumar Jagnauth and Director General of World Health Organization Dr. Tedros Ghebreyesus at Mahatma Mandir in Gandhinagar on April 20th.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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