AYUSH industry may create 26 million jobs by 2020 with 100% foreign investment: Suresh Prabhu

The AYUSH industry is expected to grow in double digits and provide direct employment to 1 million people and indirect jobs to 25 million persons by 2020, Union minister Suresh Prabhu said today.

The government is eyeing a three-fold increase in the AYUSH sector by 2022.

“The Indian domestic market of AYUSH is estimated to be Rs 500 crore, while exports amount to Rs 200 crore. Young Indian entrepreneurs planning a start-up could find a lot of opportunities in holistic healthcare,” Prabhu said

He pointed out that the government has allowed 100 per cent foreign direct investment (FDI) in AYUSH, and highlighted the need for stakeholders to pool in their resources to harness the sector’s vast potential

http://www.moneycontrol.com/news/business/economy/ayush-industry-may-create-26-mn-jobs-by-2020-suresh-prabhu-2453407.html

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