A Memorandum of Understanding which seeks to promote Indian traditional systems of medicine and homeopathy in Bangladesh was approved by the Union Cabinet today.
The signing of the proposed MoU will enhance cooperation between the two countries in traditional medicine and homeopathy and will be of "immense importance" to both countries considering their shared cultural heritage, Telecom Minister Ravi Shankar Prasad told reporters after the Cabinet meeting.
"The MoU shall also provide a structured framework for cooperation between the two countries for the promotion of Indian traditional systems of medicine and homeopathy in Bangladesh," an official statement later said.
There are no additional financial implications involved and resources necessary to conduct research, training courses, conferences will be met from the existing budget of the Department of Ayush which comes under the Health Ministry.
The total exports of Ayush products from India in 2012-13 was Rs 2167.57 crore and the value of export to Bangladesh for 2013-14 was Rs 31.85 crore.
