National Research Development Corporation (NRDC), under the Ministry of Science and Technology, Government of India signed a Memorandum of Agreement (MOA) with Central Council for Research in Ayurvedic Sciences, (CCRAS), an autonomous organisation under the Department of AYUSH, Ministry of Health and Family Welfare for commercialization of the technologies developed at CCRAS. The scope of the MOA also includes providing Intellectual Property Rights (IPR) services to CCRAS in India and abroad. CCRAS is an Apex Body in India constituted for the formulation, co-ordination, development and promotion of research in Ayurveda on scientific lines.
The MOA was signed by Chairman and Managing Director, NRDC Dr H Purushotham and Director General, CCRAS Prof. Abhimanyu Kumar in the presence of Chief, NRDC, Shri A. Pradhan and other senior officers from CCRAS and NRDC.
Speaking on the occasion, Dr H.Purushotham, stated that NRDC has already transferred more than 10 technologies developed at CCRAS to more than 50 entrepreneurs/Industry which has helped both the organisations to earn a substantial amount of revenue. He was happy to inform that a number of Ayurvedic Medicines developed at CCRAS and commercialized by NRDC and are available to the public for the treatment of different diseases at an affordable price like Anti Malarial drug, Balrasayan,tonic for children,etc.
Commenting on the signing of the MOA, Prof Abhimanyu Kumar, Director General, CCRAS appreciated the dedicated efforts made by NRDC for transferring a number of technologies developed at the different laboratories of CCRAS to a number of organisations in India.