The Cabinet approved the Memorandum of Understanding (MoU) between India Bangladesh for co-operation in the field of traditional systems of medicine and homoeopathy.
The signing of the proposed MoU will enhance bilateral cooperation between the two countries in the areas of traditional medicine and homoeopathy the release stated adding that this will be of immense importance to both countries considering their shared cultural heritage.
There are no additional financial implications of the MoU, however, financial resources necessary to conduct research, training courses, conferences and meetings will be met from the existing allocated budget and existing plan schemes of the Department of Ayush, the release said.
The total exports of Ayush products from India in 2012-13 was Rs.2167.57 crore. India’s exports of herbal and Ayush products in 2013-14 to Bangladesh were Rs. 31.85 crore.
The Department of Ayush as a part of its mandate to propagate the Indian systems of medicine globally has taken effective steps by entering into MoUs with the State Administration of Traditional Chinese Medicine (SATCM), China (the MoU has since expired), Malaysia, Trinidad and Tobago and Hungary for cooperation in traditional medicine. MoUs are proposed to be signed with Serbia and Nepal for which the Cabinet has given its approvals. Consequently, the Ministers of Health, Government of Serbia and Government of Nepal have been invited to visit India for signing of the MoUs. [Source]
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