The Global Ayush Investment and Innovation Summit (GAIIS) concluded on a high note, with Ayush sector witnessing letter of intents (LoIs) over Rs 9,000 crore in only three days. The investments come across major categories like FMCG, Medical Value Travel (MVT) and services, pharmaceuticals, technology & diagnostics, and farmers & agriculture.
During the summit, more than 70 memorandum of understanding (MoUs) was signed between countries, prestigious research institutes, the farmers groups and industry. The first GAIIS saw participation from more than 30 FMCG companies including Amul, Dabur, Kama Ayurveda, Accord, AyurVAID, Natural Remedies, Ambro Pharma and Patanjali.
This is expected to create around 5.5 lakhs jobs which will positively impact the lives of more than 76 lakh people. Apart from this Government will develop a network of AYUSH parks to encourage the promotion, research and manufacturing of AYUSH products across the country.
The Governor of Gujarat Acharya Devvrat was the chief guest at the valedictory session of the Summit. Union Minister of Ayush Sarbananda Sonowal, Union Minister for Information & Broadcasting Anurag Singh Thakur, MoS for Tourism i Shripad Yesso Naik and MoS for Ayush Dr. Mahendra Munjapara were present during the function.
Addressing the audience, Union Minister of Ayush Sarbananda Sonowal said, “Under the mentorship of Prime minister Narendra Modi Ji, Ayush sector is growing and achieving unprecedented milestones, which in turn will become a boon for humanity. The possibilities of investment and innovation in the field of Ayush are limitless.” Today, he said Ayush sector has unprecedentedly grown to more than US$18 billion globally.
The Summit wrapped up with a total of five plenary sessions, eight roundtables, six workshops, and two symposiums, all packed into a short time span of three days. The summit witnessed the presence of 90 eminent speakers and 100 exhibitors. The Global Ayush investment and Innovation Summit, 2022 was a distinctive effort by the Government of India to attract the world’s attention to India’s ancient wisdom and traditional knowledge, and capitalize on it to pave the way for a sustainable future. The Summit was organized in line with Sustainable Development Goal Number 3 of promoting “Good Health and Well-being.”
