Categories: BusinessHealth

Kerala Urged to Lead Ayurveda’s Leap Forward

KOCHI:
Kerala, with its significant lead in the national Ayurveda products and services sectors, should take the lead in taking Ayurveda to the next level, according to Sangeeta Saxena, Director of Commerce.

Speaking at the Global Ayurveda Summit in Kochi on Wednesday, Saxena said Kerala, as a leader in the Ayurveda industry, should articulate the advantages, opportunities and challenges of the sector in order to establish India’s leadership position in the global market for Ayurveda. Saxena said the central government had identified 12 ‘Champion service sectors’ and that a kitty of Rs 5,000 crore was earmarked for these sectors to support initiatives in them. She said the Ayurveda sector also needed to make use of this support.

“India’s export basket is a ‘one-trick pony’ with services exports contributing the biggest share, and software exports alone contributing 45 per cent of the services exports. Out of the IT and ITeS exports, 90 per cent are targeted at the US, UK and Europe. There is a real need for diversification of the services exports basket”, she said.

She said the idea of branding Indian Ayurveda for the global market was a good idea and that the Department of Commerce would be happy to support the move if there was a concrete proposal from the industry. Chairman of the CII Kerala State Council which is hosting the summit, Dr S Sajikumar said the services sector within the Ayurveda industry, particularly areas like medical tourism, was doing well.

Of the $4.4 billion Ayurveda market in India, Kerala accounts for $1.5 billion. Dr Sajikumar said Ayurveda held good prospects for the future, considering that life expectancy was increasing in the country, and the numbers of those in the 30-75 age-group were swelling.

“Many of them have lifestyle-related diseases and Ayurveda offers ideal solutions for such ailments”, he said. He said the Ayurveda industry should utilise emerging technological advancements like artificial intelligence, robotics and big data analysis to enhance the scope and utility of the sector.

Baby Mathew, President of the Kerala Travel Mart, said there were acceptance issues for Ayurveda in different countries, and opined that visa restrictions prevented many Ayurveda clients from visiting India. He said Sri Lanka was using better flight connectivity and a freer visa regime to attract many more Ayurveda medical tourists to that country.

 

NE Reporter

Recent Posts

Skill India Digital Hub Empowering Youths in India

KOCHI:Continuous skill development and lifelong learning are crucial for driving economic prosperity, empowering individuals to…

12 hours ago

Nestlé India Launches Nespresso

Kochi, April 29, 2024: The much-awaited Nespresso, the pioneer in premium coffee with its range…

13 hours ago

Renal Denervation Therapy Manages Hypertension in a 72-year-old Patient

THIRUVANANTHAPURAM:Doctors at KIMSHEALTH Trivandrum, successfully performed Renal Denervation Therapy (RDN) on a 72-year-old man with…

13 hours ago

Sonic Sanctum Studios: A Haven for Musical Creation powered by Neumann

MUMBAI:Fueled by a deep-seated passion for music and an unyielding pursuit of excellence, Sonic Sanctum…

13 hours ago

Viatris Ranked on the 2024 LinkedIn Top Companies List in India

HYDERABAD:Viatris Inc (NASDAQ: VTRS), a global healthcare company, has announced that Viatris India was ranked…

13 hours ago

Bowlers from Allana Unveils Nutrimax: A New Range of Dog Food

KOCHI:Bowlers from Allana, a trusted brand in pet health, today announced the unveiling of Nutrimax,…

15 hours ago

This website uses cookies.