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Traditional medicines sector Ayush gets funds worth Rs 6000 cr at summit

The investment commitment will lead to creating 550,000 jobs and help 7.6 million people, says ministry.

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Vinay Umarji Ahmedabad
By the second day of the three-day Global Ayush Investment and Innovation Summit 2022, the traditional medicines sector had an investment commitment of Rs 6000 crore from around 28 companies.

Rajesh Kotecha, secretary to the Ayush ministry, said that the sector was set to break its own growth records in the upcoming months.

"Ayush Ministry has received LOI (letters of intent) from 28 companies to the tune of Rs 6000 crore. There are various memorandums of understanding (MoUs) signed with different countries as well as the Ministry of Defence to start Ayush facilities in over 35 cantonment areas across India,