PM Modi: Ministry of Ayush has taken major steps to encourage startup culture, unicorns to emerge from this sector soon

New Delhi, April 25 (KNN) Prime Minister Narendra Modi, while inaugurating the Global Ayush Investment and Innovation Summit in Gandhinagar, said the Ayush sector has increased to more than USD 18 billion with unprecedented growth in the production of Ayush medicines, supplements and cosmetics.

The Prime Minister said, "We are already witnessing unprecedented growth in the production of Ayush medicines, supplements, and cosmetics. In 2014, where the Ayush sector was less than USD 3 billion, today it has increased to more than USD 18 billion." 

He said that the Ministry of Ayush has taken several major steps to encourage a 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, informed PM Modi.

Describing the current age, the era of unicorns, the Prime Minister informed that in the year 2022 itself, so far 14 start-ups from India have joined the Unicorn Club.

The Prime Minister said, "I am sure unicorns will emerge from our Ayush start-ups very soon",  Noting that the production of medicinal plants can be a good means of increasing the income and livelihood of the farmers and the scope of employment generation in this sector.

The Prime Minister highlighted the importance of a facility to easily connect with the market for the farmers involved in the production of medicinal plants. For this, the government is also working on modernization and expansion of the Ayush e-marketplace.  (KNN Bureau)