Piyush Goyal mentioned that the Commerce ministry’s assistance would be offered to the AYUSH sector on all matters of trade promotion.(Representational Image)
The Ministry of Commerce and Industry and the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) on Sunday mentioned that the two have decided to work collectively to set up an AYUSH Export Promotion Council (AEPC) to enhance AYUSH exports. The choice was taken lately in a joint critique on December 4 by the Commerce Minister Piyush Goyal and AYUSH Minister Shripad Naik. The latter, in a statement, mentioned that the trade and commerce in the AYUSH sector are necessary to upscale promptly in order to meet the increasing demands from India and abroad and also to serve the bigger quantity of people today seeking up to these systems for preserving their well being. The export worth of India’s ayurvedic and herbal solutions enhanced from $354.68 million in FY15 to $446.13 million in FY19, as per statistics portal Statista.
The two ministries came up with the action points to enhance exports such as housing the proposed council at AYUSH ministry, expediting standardisation of harmonized technique (HS) code for AYUSH, AYUSH ministry collaborating with Bureau of Indian requirements to create international requirements for AYUSH solutions and services, AYUSH ministry and sector identifying finest practices and results stories and advertising them, AYUSH sector functioning on making sure top quality and requirements of AYUSH solutions as effectively as price tag-competitiveness, and AYUSH figuring in the Brand India activities.
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Goyal mentioned that the Commerce ministry’s assistance would be offered to the AYUSH sector on all matters of trade promotion, and unique meetings with the functionaries of the ministry would be arranged when necessary to talk about critical troubles. The AYUSH ministry had earlier this year had also signed an MoU with the Ministry of MSME for the AYUSH sector to be promoted by means of “need assessment and identifying AYUSH clusters, and roping them in schemes of MSME Ministry,” a statement from the MSME ministry had mentioned. The two ministries had also announced jointly functioning below the AYUSH Entrepreneurship Development programme as there is a “great demand for Indian Ayurveda, yoga, homeopathy, Siddha in other countries for existing entrepreneurs to take this opportunity and open their clinics/ outlets there and support export.”