Incubation Centre opens at All India Institute of Ayurveda

Ayush market size crosses $18 Billion

AIIA ICAINE – All India Institute of Ayurveda – Incubation Centre for Innovation and Entrepreneurship – the first of its’ kind incubation centre under the Ministry of Ayush to promote the startups has been launched by Union Minister of Food and Processing Industries Pashupati Paras.

Present at the occassion, Union Ayush Minister Sarbananda Sonowal released the Research & Information system (RIS) report titled ‘AYUSH Sector in India: Prospects and Challenges’. 

“Buoyed by the growing global and domestic demand and enabled by a strong support to regulatory, research and development, and back-end infrastructure by the Ministry, the market size of AYUSH has grown by 17 percent in 2014-20 to reach $18.1 billion”, said the Minister.

Sonowal said that AIIA is working in preparation of a Diabetes Protocol where the experts from all over the country have contributed to prevention and management of diabetes in the public health initiative. “The protocol will help the practitioners, research scholars and academicians to fulfil the needs of diabetic care and to know recent advancements in the field,” he said.

“I hope the startup initiative will help Ayushentrepreneurs in translating innovations into products and services that are commercially viable. This Food startup initiative under the leadership of Rajesh Kotecha, Secretary Ministry of Ayush, Prof Tanuja Manoj Nesari, Director AIIA and the whole team of AIIA will have close linkages of the Ayush ministry with other ministries of Govt of India such as Ministry of Commerce, Ministry of Food Processing Industries and MSME and will be an ideal platform of knowledge exchange,” Sonowal said.

AIIA also launched Bal Raksha Kit and immunity boosting Swarrnprashan for children.