: India signs MoU with American Herbal Pharmacopoeia to strengthen quality of herbal & traditional medicines #FinanceIndia #StockMarketNEWS India signs MoU with American Herbal Pharmacopoeia to strengthen

@StockMarketNEWS Thu 16 Sep, 2021

Posted in: #FinanceIndia #StockMarketNEWS

India signs MoU with American Herbal Pharmacopoeia to strengthen quality of herbal & traditional medicines #FinanceIndia #StockMarketNEWS
India signs MoU with American Herbal Pharmacopoeia to strengthen quality of herbal & traditional medicines New Delhi, Sept 15 (KNN) To strengthen the quality of Ayurvedic and other Indian Traditional Medicine products globally, the Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) signed a Memorandum of Understanding (MoU) with and American Herbal Pharmacopoeia, USA on Monday.

The MoU was signed virtually and the Ministry of Ayush has entered this MOU with the specific purpose of strengthening, promotion, and development standards in the field of Ayurveda and other Indian Traditional systems of medicine between the two countries on the basis of equality and mutual benefits, an official statement said.

This collaboration of efforts will go a long way in enhancing the export potential of the ASU&H (Ayurveda, Siddha, Unani and Homeopathy) drugs. Under this MOU, there will be the constitution of a Joint Committee to develop the action plan along with timelines for the development of Monographs and other activities for cooperation in the field of Traditional Medicine.

The Ministry feels that this MOU will develop the confidence of the global community about the safety of ASU&H drugs. One of the major outcomes of this partnership will be that both PCIM&H and AHP, USA would be working to identify various challenges faced by the herbal market of Ayurveda products/drugs in the USA.

This will lead to adoption of Ayurveda standards developed out of this cooperation by the manufacturers of herbal drugs in the USA. This can be termed as a major move and will eventually foster the adoption of Ayurveda standards developed out of this cooperation for the market authorization of ASU&H products/drugs in the USA.

Development of Monographs of Ayurveda & other Indian Traditional Medicine products and herbal products, exchange of technical data for the development of Monographs with due acknowledgement between the parties, training and capacity building, exchange of Herbarium specimens and Botanical Reference Samples and phytochemical reference standards are also part of MoU.

There is an understanding in the development of a Digital database on Ayurveda & other Indian Traditional Medicine products/drugs and herbal products and identifying further areas of co-operation for the promotion of quality standards of drugs/products used in Ayurveda & other Indian Traditional Medicine.

This MoU between India and USA is a timely step to add further momentum to the ongoing initiatives of the Ministry of Ayush to strengthen the quality of Ayurveda and other Indian Traditional Medicine products both inland and globally.