Huge shot in the arm for the Indian Ayush market, says Sonowal
Trade interest of more than Rs.590 crores was generated during the ‘SCO B2B Conference and Expo on Traditional Medicine’, which was attended by more than 150 delegates from 17 countries including Tajikistan, Armenia, Uzbekistan, Mongolia, Kazakhstan, Bahrain and Sri Lanka.
The two-day conference and four-day Expo on trade in traditional medicine has created a platform for buyers and sellers from different countries to explore trade potential to serve the needs of the people.
While the scope of trade in the Ayush market remains buoyant, the event helped expand its horizon to a wider international audience with a noble aim to provide an enriched quality of life with the help of traditional medicine.
“This is a huge shot in the arm for the Indian Ayush market as this event provided the platform to further the trade potential among the SCO member states for improving the quality of lives of people,” said Ayush Minister Sarbananda Sonowal, who inaugurated the mega event on 2 Mar 2023 at Guwahati, Assam.
More than 56 exhibitors, who participated in the Expo, and buyers from 19 countries discussed and expressed their interest in trade in traditional medicine.
The participants included companies like Damaira Pharma, AIMIL Global, Herbal Strategi Homecare, Almaty, Dindayal Industries, Fidalgo Healthcare and many more.
The industry received as many as 9 Letters of Intent (LOIs), the Ayush Ministry said on 5 Mar 2023.
The Shanghai Cooperation Organization (SCO), or Shanghai Pact, is an Eurasian political, economic, and security alliance of eight member multilateral organisation, established on 15 June 2001 in Shanghai.
India assumed the Presidency of SCO Council of Heads of State for the year 2023 on 17th September 2022 at Samarkand in Uzbekistan. fiinews.com
