Indian Herbal Trading Scenario On Global Perspectives

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Indian Herbal Trading Scenario on Global
Perspectives
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• Unani Hakims, Indian Vaids, and European and
  Mediterranean cultures have been using herbs for
  over 4000 years. Herbs have been used in healing
  rituals and developed into traditional medical
  systems such as Unani, Ayurveda and Chinese
  Medicine.
• Among ancient civilizations, India is renowned as
  a rich repository of medicinal plants. The Indian
  forests are a storehouse of a large number of
  medicinal and aromatic plants, which are largely
  used for the manufacture of drugs and perfumery
  products.

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• Ayurveda, Unani, Siddha and Folk (tribal)
  medicines are the major systems of indigenous
  medicines. Amongst these, Ayurveda and Unani are
  the most developed and widely practised in India.
• In developed countries like USA, plant drugs
  constitute only 25 of the total drugs, while in
  developing countries such as India and China, the
  contribution is as much as 80. Thus, the
  economic importance of medicinal plants is much
  more in countries such as India than the rest of
  the world.

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• Majority of Indias population still relies on
  the herbal system of medicine. Though there is no
  separate category of herbal drugs or dietary
  supplements as per the Indian Drugs Act, over 70
  of the population uses herbal drugs for their
  health. This is because herbal drugs and Indian
  medicinal plants are a rich source of beneficial
  compounds including antioxidants and components
  used in functional foods.
• An event in New Delhi recently announced that
  India is the second largest exporter of medicinal
  plants in the world. With 6,600 medicinal plants,
  India ranks second to China, and together they
  produce over 70 percent of the herbal medicines
  demand across the globe.

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Status of India in Herbal Drug Export
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The total value of world herbal trade is
currently at USD 120 billion. India exported
herbs worth of USD 330.18 Million during 2017-18
with a growth rate of 14.22 over the previous
year. Also, the export of value-added extracts of
medicinal herbs / herbal products during 2017-18
was USD 456.12 Million with a growth rate of
12.23 over the previous year.
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Indian government has taken the following
measures to further promote Indias export of
herbal products

• The promotion of Herbs and Medicinal Plants has
  been assigned to Shellac Forest Products Export
  Promotion Council (SHEFEXIL), headquartered at
  Kolkata. The export promotion of several Herbal
  Products has been assigned to Pharmaceuticals
  Export Promotion Council (PHARMEXCIL), besides
  others.

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• Market Access Initiative (MAI) of Department of
  Commerce provides financial assistance to the
  EPCs / Trade Bodies to participate and organize
  Trade Fairs, Buyer Seller Meets (BSMs), Reverse
  Buyer Seller Meets (RBSMs), Research Product
  Development, Market Studies, etc.
• Merchandise Exports from India Scheme (MEIS)
  provides incentives to the exporting community
  for specified goods, especially to those which
  are of Indias export interest and have the
  capability to generate employment and enhance
  Indias competitiveness in the world market.

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• International Co-operation Scheme of AYUSH
  Ministry provides financial assistance to the
  exporters for the participation in Trade Fairs,
  organizing International Business Meets
  Conferences and product registration
  reimbursements.
• The National Medicinal Plants Board (NMPB),
  Ministry of AYUSH, Government of India has
  launched a Voluntary Certification Scheme for
  Medicinal Plants Produce (VCSMPP) to encourage
  the Good Agricultural Practices (GAPs) and Good
  Field Collection Practices (GFCPs) in medicinal
  plants.

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• This will enhance the availability of the
  certified and quality medicinal herbs raw
  material in the country, boost their export, and
  increase Indias share in the global export of
  herbs.
• Ministry of AYUSH through its Quality
  Certification programme like AYUSH and Premium
  mark helps in setting up of quality standards.
• Ministry of AYUSH has entered into MoUs with few
  countries for promotion of traditional medicine
  which will help exports in the long run.

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