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Latent Opportunity for Indian Entrepreneur in Global Market

In the world ayurveda market, share of Indian entrepreneurs is only 5% with Rs. 4000 crore. If India gets its act together, it can become a major player in the global market for herbal based medicines. Exports of herbal materials and medicines can jump from just Rs. 446 crore now to Rs. 3500 crore b...

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Bibliographic Details
Main Author: Trivedi, Rohit H
Format: Article
Language:English
Published: 2005
Subjects:
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100 |a Trivedi, Rohit H 
245 |a Latent Opportunity for Indian Entrepreneur in Global Market  |c A Case Study of Ayurvedic Industry / Trivedi, Rohit H. 
260 |c 2005 
520 |a In the world ayurveda market, share of Indian entrepreneurs is only 5% with Rs. 4000 crore. If India gets its act together, it can become a major player in the global market for herbal based medicines. Exports of herbal materials and medicines can jump from just Rs. 446 crore now to Rs. 3500 crore by 2006. And, with a grand strategic plan, exports can shoot to Rs. 10,000 crore by 2010. The international market for such plants is more than $60 billion a year, and growing at a rate of seven per cent. Finding opportunities in the international market and standard preparations to be developed with quality, efficiency and effectiveness of the traditional drugs are the bottom-line solutions for ayurvedic entrepreneur of India. 
650 |a Case Study 
650 |a Ayurvedic Industry 
650 |a Indian Entrepreneur 
650 |a Informal Sector 
650 |a Global Economyeneurship 
650 |a Entrepreneurship In Global Economy / Inf 
650 |a Entrepreneurshipip Research 
650 |a Sixth Biennial Conference On Advances An 
650 |a Biennial Conference Papers 
773 |a Sixth Biennial Conference on Advances and Trends in Entrepre Research  |d February 9-11, 
999 |c 43191  |d 43191