PM Modi claims 40,000 active MSMEs in Ayush Industry

New Delhi, Dec 12 (KNN) Prime Minister Narendra Modi has claimed that about 40,000 MSMEs are active in the Ayush sector as he emphasised that there is huge scope for Ayush startups in these areas.

Growing seven times, India’s Ayush Industry has touched Rs 1.5 lakh crore from Rs 2000 crore about eight years ago, said the PM.

Addressing the valedictory ceremony of the 9th World Ayurveda Congress (WAC) at Panjim, Goa on Sunday he said the current global market for herbal medicine and spices is about USD 120 billion.

He highlighted various opportunities budding in the field of Ayurveda such as farming of herbs, manufacturing and supply of Ayush medicines, and digital services. 

“Ayush Industry which was about Rs 2000 crore about eigth years ago has reached about Rs 1.5 lakh crore today. This means that there has been 7 times growth in 7-8 years,” he said. 

He also elaborated on the global growth of the sector and said the current global market for herbal medicine and spices is about USD 120 billion or Rs l0 lakh crore.  (KNN Bureau)