Cabinet approves signing of agreement between India and Peru on Cooperation in the field of Medicinal Plants

Cabinet approves signing of agreement between India and Peru on Cooperation in the field of Medicinal Plants

Cabinet approves signing of agreement between India and Peru on Cooperation in the field of Medicinal Plants

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved signing of agreement between the National Medicinal Plants Board, Ministry of AYUSH of the Republic of India and the National Institute of Health of the Ministry of Health of the Republic of Peru on Cooperation in the field of Medicinal Plants.

Considering the fact that both countries having rich medicinal plants biodiversity and medicinal plants based indigenous traditional system of medicines and recognizing the existing friendly and cooperative relations, the proposed Agreement will further enhance bilateral cooperation between the two countries in the area of Medicinal Plants.

This will be of immense importance to both the countries. This agreement will provide a structured framework for cooperation between the two sides on medicinal plants.

The activities between the two Parties will start immediately after signing of the Agreement. The initiatives taken by the two countries will be in accordance with the terms of reference of the Agreement and will continue till the Agreement remains in operation.

There is no additional financial implication involved. The financial resources necessary to conduct research, training courses, conferences / meetings will be met from the existing allocated budget and existing plan schemes of the National Medicinal Plants Board, Ministry of AYUSH.