The Union government to set up an All India Institute of Ayurveda in New Delhi as an autonomous organization under the Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (Ayush) to capitalize on the Ayurveda market which is expected to emerge as a $5 trillion industry by 2050.
The Union government has approved establishment of the All India Institute of Ayurveda in New Delhi as an autonomous organization under the Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (Ayush). The facility will come up on 15 acres of land and at an investment of Rs 150 crore. The Institute will facilitate scientific validation, quality control, standardization and safety evaluation of Ayurveda products. It also aims to have standardised Ayurveda-based tertiary health delivery, promotion of interdisciplinary research and education of Ayurveda at postgraduate and postdoctoral levels.
The facility will allow to conduct referral activity in the field of herbal medicine. It will offer post-graduate and doctoral courses. The 200-bed research and referral hospital would facilitate clinical research.
The key focus of the Institute is to develop quality standards and safety data on Ayurvedic drugs. It will generate standard treatment protocols and remedies for the management of national and global health problems for which conventional medicine do not offer satisfactory solutions.
The Institute will collaborate with institutions engaged in education and research in diverse systems of traditional medicines in countries including Japan and South Korea. It will also interact with institutes in developed countries.
The Institute will provide the much-needed relief for trained manpower and the research in Ayurveda to help bolster the growth of the sector.