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Innovative Farmer Institutions and Market Imperfections: New Opportunities and Challenges for the Ayurvedic Sector and Small-Scale Enterprises in India

The herbal sector, as it is currently structured, is unable to improve the living standards of the underprivileged communities, who are the gatherers of the medicinal plants, The role of grass-roots organisations and rural networks to reduce transaction costs and enhance market coordination, has bee...

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Bibliographic Details
Main Author: Torri, Maria Costanza
Format: Article
Language:English
Published: The Journal of Entrepreneurship 2012
Subjects:
Online Access:http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1006
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100 |a Torri, Maria Costanza 
245 |a Innovative Farmer Institutions and Market Imperfections: New Opportunities and Challenges for the Ayurvedic Sector and Small-Scale Enterprises in India   |c Torri, Maria Costanza 
260 |c 2012  |b The Journal of Entrepreneurship 
300 |a 59-90 
520 |a The herbal sector, as it is currently structured, is unable to improve the living standards of the underprivileged communities, who are the gatherers of the medicinal plants, The role of grass-roots organisations and rural networks to reduce transaction costs and enhance market coordination, has been object of study in different sectors but there is a gap in the literature in the herbal sector. The article portraits the supply relations in the medicinal plant market and suggests to promote medicinal plant enterprises such as Gram Mooligai Company Limited (GMCL), the first community based enterprise active in the herbal sector. Lessons to promote a more equitable sharing of benefits in the sector, to reform the supply chain and to promote new forms of partnership between ayurvedic firms and communities are discussed. 
650 |a Ayurvedic Sector 
650 |a Local Communities 
650 |a Supply Chain 
650 |a Herbal Medicine 
650 |a India 
650 |a Small Scale Enterprises 
773 |a The Journal of Entrepreneurship  |d March 
856 |u http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1006 
942 |2 ddc  |c AR