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Medicinal plant Export Zone soon for State
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Visakhapatnam, March 29, 2007
Formal approvals for the proposals made
The Minister of Commerce formally approved the proposals for setting up Export Zones for Medicinal plants in Chattisgarh, Karnataka, Uttarakhand and Andhra Pradesh. The first such Medicinal Plant Export Zone is likely to come up in Chattisgarh.
The Union Minister of State for Commerce, Jairam Ramesh said that he is at present examining the means to add value to medicinal plants and herbs to be able to export formulations rather than raw material. He said Biotechnology parks will be set up first in Ongole and next in Guntur to diversify area under tobacco cultivation to medicinal plants.
Speaking at a media conference on Thursday, he stated that India exported Rs. 800 crore worth herbal medicines last year and nearly 65 percent of it was raw material. He state to tap up the potential, plans are on the way to made to export more finished products.
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