The Ministry of AYUSH and Research and Information System for Developing Countries signed a memorandum of understanding here on Tuesday.

Secretary Vaidya Rajesh Kotecha signed the MoU on behalf of the Ayush ministry, whereas Director General Sachin Chturvedi was the signatory on behalf of RIS.

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This agreement will not only serve to strengthen academic cooperation and collaboration to undertake research, policy dialogue, and publications for national, regional and international, and capacity building in the field of Indian Traditional Medicine, but will also bring out Ayush service sector overview in a time bound frame.

Also the academic cooperation between Ayush and RIS includes continuance of Forum on Indian Traditional Medicine (FITM).

While signing the MoU, Kotecha said, “Ministry of Ayush has started work way back with RIS and FITM was formed. Through FITM, RIS has contributed many policy papers, policy directions etc. Through this MoU, the Ministry of Ayush has agreed to continue this work.”

He also highlighted the earlier report of RIS (Ayush Sector in India: Prospects and Challenges) and said, “Through this report it becomes evident that the Ayush manufacturing sector has grown 8 times in the last 9 years. RIS will also come out with a similar report on Ayush Service Sector in the time bound manner”.

Kotecha also complimented RIS for carrying out the work actively, and for providing valuable insights for the Ayush sector.

RIS DG Chturvedi said, “There is a continuous need of having an inclusive and broad overview of market estimates, products standardization, regulations etc. in international trade, and FITM is continuously working towards it.”