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Post at: Jun 03 2022

Global Ayush Investment and Innovation Summit (GAIIS) 2022

Recent Context

  • On April 20, 2022, the Prime Minister of India has inaugurated  the Global Ayush Investment & Innovation Summit 2022 at Gandhinagar, Gujarat.
  • The Summit was organized in line with Sustainable Development Goal 3 promoting “Good Health and Well-being.”
  • The first ever mega event of this scale in Ayush sector facilitated agreements with international and national institutions and various other sectors, fuelling financial considerations, mutual research and increasing Ayush reach globally.
  • Creating a  history, the India’s first Global Ayush Investment and Innovation witnessed letter of intents (LoIs) worth more than Rs.9000 crore  in major categories like FMCG, Medical Value Travel (Heal in India), Pharma, Technology & Diagnostic and Farmers & Agriculture.

Key Highlights

  • The inaugural session for the Global Ayush Investment & Innovation Summit 2022 witnessed the presence of the Prime Minister of Mauritius, Shri Pravind Kumar Jugnauth, WHO Director General, Dr. Tedros Adhanom Ghebreyesus, Dr. Mansukh Mandaviya, Union Minister of Health & Family Welfare etc.
  • The assurances of investment include more than Rs. 7000 crore from FMCG, around 1000 crore from Medical Value Travel (MVT), around 345 Crores from Pharma sector, 300 crore for Farmers & Agri category and around Rs.60 crore  in the Technology & Diagnostic category.
  • Five significant MoUs were signed in the presence of Prime Minister during the inaugural session of the event on 20 April 2022. These are-

  • During the event, a total of 12 MoUs were also signed between the Central Council for Research in Ayurveda Sciences (CCRAS), Ministry of Ayush and various prestigious research institutes in the country. 
  • The institutes include IIT Delhi, IIT Guwahati, ICMR NITM, AIIMS, CSIR, NIPER, NIMHANS, JNU, ICGB, AVP, TDU.
  • This is expected from FMCG companies create around 5.5 lakhs jobs which will positively impact the lives of more than 76 lakh people.

Conclusion

  • The event was organised to garner the attention of people in exploring the possible opportunities and potential of the Ayush sector as a whole .
  • It has proved its impact fullness in paving the way for the growth of the sector both nationally and internationally.


 

 


 


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