Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The earth is losing one potential drug every two years due to the survival threat to medicinal plants and the rate of their extinction is a hundred times faster than the natural process, according to experts who attended the World Ayurveda Congress (WAC) in Goa. They also underlined the need for the conservation of medicinal plants beyond awareness campaigns. Ten per cent of the 900 major medicinal plants in India are under the "threatened" category, observed speakers at a session on 'Conservation Needs of Medicinal Plants' at the 9th edition of the WAC and Arogya Expo 2022. The four-day WAC concluded on Sunday. "The earth is losing one potential drug every two years at an extinction rate that is a hundred times faster than the natural process," a release said quoting various experts who spoke at the session. In his valedictory address at WAC, Prime Minister Narendra Modi on Sunday said the world has tried various treatment styles and is returning to the ancient treatment methods
Apollo Hospitals Enterprise Ltd on Wednesday said it has acquired a 60 per cent stake in leading classical Ayurveda hospital chain AyurVAID for a consideration of Rs 26.4 crore. The investment will be used to upgrade existing centres, set up new centres, strengthen enterprise platforms, and for digital health initiatives, the healthcare major said in a regulatory filing. Beginning with a revenue estimate of over Rs 15 crore for FY23 for AyurVaid, the target is to achieve Rs 100 crore in the next three years, it added. "We believe there is immense scope to deliver evidence-based integrated medicine, combining allopathic and traditional models, to improve outcomes and quality of life for our patients. This will be a transformational journey, which will lead to the evolution of care models in India and around the world," Apollo Hospitals Enterprise Chairman Prathap C Reddy stated. The Apollo-AyurVAID partnership will be a beacon of hope not just for Indian citizens, but for medical .