New Delhi: May 13, 2010
Indian traditional medicine received a major boost with the cabinet sanctioning Rs 14.08 crore for establishing a pharmacopoeia commission to set and maintain standards in the sector. "The Union Cabinet today approved the establishment of a pharmacopoeia commission for ayurveda, yoga and naturopathy, unani, siddha and homeopathy (AYUSH)," said Information and Broadcasting Minister Ambika Soni after a cabinet meeting chaired by Prime Minister Manmohan Singh. It is estimated that the global market for traditional and herbal medicines is worth US $62 billion, of which China's share is US $19 billion. India still has a long way to go to increase its share and the establishment of the pharmacopoeia commission for AYUSH is a very important step in this direction, Soni explained.
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