Thursday, April 23, 2015

AYUSH market

Dr. Harsh Vardhan assures govt’s support for R&D to boost the AYUSH market
Unveiling the new variety of French Basil, Union Minister for Science and Technology, Dr. Harsh Vardhan, expressed the need to utilise the raw material readily available from different natural sources and preserve the diversity and prevent depletion of wild flora in the nature. The Times of India reported that, along with the high-essential oil and methyl chavicol-rich variety of Ocimum basilicum (commonly called French Basil, and a variety of Tulsi), he also released an improved variety of medicinal and aromatic plant and herbal formulation developed by CSIR-CIMAP.

Dr. Harsh Vardhan also emphasised the need for the optimum utilisation of natural sources by industries like pharmaceuticals, perfumery and cosmetic manufacturers. He said that, scientists should exploit the wide gene pool available in the nature to develop superior varieties of plants that will yield comparatively higher quantities of required plant parts or chemical constituent of commercial interest.
He especially mentioned the rich diversity of various medicinal and aromatic plants in the North East region and said that the development of agri-entrepreneurship in that region would boost job opportunities and upward mobility. He also urged the scientists to develop varieties of plants that can also grow in extreme weather conditions like drought-prone areas and flood-affected areas.

Different essential oils and medicinal herbs worth Rs 2500 crores will be produced yby the improved variety of medicinal plants developed by CSIR-CIMAP. It would also create employment opportunities and boost development. The domestic AYUSH market is estimated to have volumes worth Rs 500 crore and exports are in the region of Rs 200 crore. India being a big player in the international market for medicinal and aromatic plants, with the right technological support from the government for R&D, the future of India looks very bright.

India.com

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