RAJKOT: The annual turnover of ayurvedic medication manufacturing within the nation has reached $18.2 billion in 2022 from $3 billion in 2014, mentioned Union minister for Ayush Sarbananda Sonowal, whereas addressing media individuals in Rajkot on Monday.
Sonowal arrived in Gujarat on the eve of Prime Minister Narendra laying the inspiration of the WHO World Middle of Conventional Drugs in Jamnagar on Tuesday in presence of his Mauritius counterpart Pravind Kumar Jugnauth and WHO director normal Tedros Ghebreyesus.
In accordance with the Ayush ministry, the market dimension of the ayurvedic business has grown by 17% yearly previously few years and it's being projected that its turnover will contact $23.3 billion by the top of the present monetary 12 months.
India exports ayurvedic medicines price Rs 22,000 crore yearly.
The Ayush ministry can be organising a three-day World AYUSH Funding & Innovation Summit that can assist uncover funding potential and provides a fillip to innovation, analysis and growth, start-up ecosystem, and the wellness business.
The summit which might be inaugurated by PM narendra Modi on April 20 in Gandhinagar.