Will the Minister of AYURVEDA, YOGA AND NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (AYUSH) be pleased to state:
(a) whether the Government proposes to set up mega parks for Ayurvedic products, to promote the Indian traditional medicines in the country;
(b) if so, the details thereof;
(c) whether the Government has invited private investments for the development of such parks; and
(d) if so, the details thereof and the steps taken by the Government in this regard?
ANSWER
THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA,
YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY
(SHRI SHRIPAD YESSO NAIK)
(a) to (d): Ministry of AYUSH implemented a Central Sector Scheme for Development of AYUSH Clusters during the period of 11th and 12th Five Year Plans. The scheme intended to provide financial assistance to Special Purpose Vehicle (SPV) registered as a company formed by a group of at least 15 AYUSH enterprises located within 100 kilometers radius. The funding pattern was in the ratio of 60% of the project cost subject to maximum of Rs. 15.00 crore as grant in aid and 40% to be arranged by SPV through equity and borrowing from Banks/Financial Institutions and other sources, for setting up common facilities of processing, manufacturing, testing, standardization, adoption of new technologies, scientific studies, marketing infrastructure, brand development, promotion etc to encourage creation of social capital for collective initiatives in an industrial state, zone, park or area in a state. Details of the financial support provided under the scheme to set up ten AYUSH clusters are given in the annexure.