times Agriculture Journal
   
       
Home | About Us | Events | Choice Board | Message Board | Advertise With Us | Subscribe | Contribute Articles | Feedback
Our Advertisers | Archives | Contact Us
    Channels
Nabard
 

 

 

A plan to propel

The domestic and global demand for alternative medicine has created a need to preserve the genetic stock and diversity of medicinal plants, say GR Chintala and KS Ravi Shankar

Since ancient times, the traditional system of medicine has kindled the scientific curiosity of the populace, giving birth to an Indian medical system called Ayurveda. Compilations of sages Charaka and Susruta gave a detailed description of the plants, their properties, extraction techniques to get the active compound, and procedures for ingestion of the medicine for effective treatment of various ailments. The system flourished down the ages until the early 19th century, when the advent of the English medical system or allopathy brought path breaking changes in the world. The allopathic system spread across the seas, leading to proliferation of higher, sophisticated and sustained research in this field.
The prosperity ushered in by the allopathic system brought associated problems in the form of diseases related to sedentary lifestyles, new diseases defying control, and adverse reactions to many allopathic drugs. Consequentially, the practitioners as well as general population began turning their attention to alternative medicine systems which are synergistic with the physiology and biophysics of the patient and would have least complications.
This scenario led to the rediscovery of the traditional medicinal systems and ayurveda, along with the Chinese herbal medicines.
Empirically, global markets for alternative medicines have grown to $60 billion annually with a compounded growth rate of around 10 per cent.
This growth has propelled the ayurvedic industry in India to grow faster in the past two decades.
The potential available in the country, both in meeting the domestic demand and increasing the share in international market for an alternative system of medicine, is immense. The country has 45,000 species of flora and 6,500 species of fauna.
It has two biodiversity hot spots in the Eastern Himalayas and the Western Ghats, which are among the 18 biodiversity hot spots identified worldwide. Around 8,000 wild species in the country have been identified to be of use in tribal medicine, of which at least 540 species find major use in herbal drugs. Seventy per cent of Indian medicinal plants are found in tropical forest areas spread in the Western and Eastern Ghats, the Vindhyas, Chhotanagpur plateau, Aravalis and Shivalik Himalayas. The remaining 30 per cent of medicinal plants found in the temperate and alpine areas, as well as the higher altitudes of the country, are reputed for their higher medicinal value.
Major Indian medicinal plants entering global commerce include Acorus Calamus, Agave Sisalana, Aloe Vera, Ammi Majus, Ammi Visnag, Atropa Acuminata, Atropa Belladonna, Berberis Vulgaris, Catharanthus Roseus, Datura Metel and so on. While data on their exports is not available, it is observed that the following species are in short supply: Aconitum Hetrophyllum (Atis), Saraca Asoca (Ashok), Wrightia Tinctoria (Indrajava), Nelumbo Nucifera (Kamalphool), Piper Cubeba (Kankol), Curcuma Zedoaria (Kapurkachari), Pistacia Chinensis (Kakadshingi), Myrica Esculenta (Kaiphal), Curculigo Orchioides (Kalimusli), Aquilaria Agallocha (Krishnageru), Swertia Chirata (Kirata), Artemisia Maritima (Kirmaniova), Picrorrhiza Kurroa (Kutki), Saussurea Lappa (Kuth), Alpinia Galangal (Kolingan), and so on.
The above list could be treated as illustrative in the absence of adequate documentation facilities available in the country in this area. However, the propensity to commercially source the above species from the wild through destructive harvesting, which poses a definite threat to genetic stock and diversity of medicinal plants, is a matter of serious concern. A threat assessment exercise conducted in northern and southern India, conducted as per the latest guidlenes of the Ineternational Union for Conservation of Nature and Natural Resources, has already listed around 200 species of medicinal plants as rare, endangered or threatened.
A practical way out is to systematically bring some of the above species to commercial cultivation. Some species like Withania Somnifera, Aloe Barbedensis, Rauvolfia Serpentina, Zingiber Officinale, Piper Longum, Acarus Calamus and more are already being cultivated on a commercial scale in the country. The National Medicinal Plants Board has identified the overall development and subsidised cultivation of 32 species.
Besides, the Board also has projects for encouraging in-situ conservation and ex-situ cultivation of selected medicinal plants, creation of region-wise and species-wise demonstration centres (herbal gardens) for the benefit of farmers, production of germplasms of quality planting materials, market information services on medicinal plants and creation of state-of-the-art infrastructure for the purpose of value addition.
The costs involved in the process, would be phenomenal for the Government agencies to fund on their own, which necessitates the pitching in of finances by the banking industry with National Bank for Agriculture and Rural Development, as the apex financing body, taking the lead in propelling the growth.

 

FINANCING OPTIONS AND INFRASTRUCTURE

The projects drawn up by the National Medicinal Plants Board would enable the creation of a conducive environment for sustainable growth of a herbal-based pharmaceutical industry and eventually garner a substantial share in the international herbal medicine market in the near future. However, an immediate concern is the need for caution in motivating farmers to take up ex-situ cultivation of medicinal plants on a commercial scale when the infrastructure by way of availability of quality planting material, extension services for cultivation techniques, processing, value addition and credible marketing facilities are not yet in place. The availability of financial subsidy from the National Medicinal Plants Board for cultivation of the 32 species identified by it, opens up the demand for bank credit to fund cultivation projects by farmers. Questions further arise regarding the extent to which bank resources are to be exposed to this area. Free flow of funds from the banking sector, in the absence of a supporting infrastructure for cultivation of medicinal and aromatic plants, nip the bud in its nascent stage, leaving the longterm objectives unrealised.
Nabard has already initiated policy measures to support bank finance for cultivation of medicinal...

contd...

TO READ FURTHER... SUBSCRIBE TO YOUR COPY TODAY!!!

Other B2B magazines
The Machinist
The Machinist
Times Shipping Journal
Times Shipping Journal
Times Journal of Construction  &  Design
Times Journal of Construction & Design
Instrumentatio & Control Journal
Instrumentation & Control Journal
Fluid Power
Fluid Power
Food Processing Journal
Times Food Processing Journal
E T Polymers
ET Polymers
Times Agriculture Journal
Times Agriculture Journal
Retail Biz Retail Biz

 

Copyright © Bennett Coleman & Co. Ltd. • All rights reserved • Disclaimer
Other Times Group Sites - The Times Of India | The Economic Times | Femina | Filmfare | Navbharat Times | Times Classifieds | Property Times | Education Times | Maharashtra Times | Responservice | Indianadsabroad | Jobs & Careers | Times Multimedia