CHENNAI: Extensive clinical research and standardisation is needed to popularize herbal medicines in India and abroad, said Dr Chandrakant Kokate, Vice Chancellor, KLE University, Belgaum while delivering the oration of the alumni of Government College of Integrated Medicine at Sri Ramachandra University here today.
Citing the success of China in popularizing its traditional medicine globally he said in China 20 per cent of the medicines used are of native system. They are standardised, have strong government support and are globally popular. With rich traditional systems of Indian medicine, India’s share of the $80 billion worldwide traditional medicine market is only $3.5 billion he said.
On this occasion, Sri Ramachandra University and the Central Council for Research in Siddha today signed an MoU providing for collaboration in research, development and Standardization of siddha medicines. Dr JSN Murthy, Vice Chancellor, Sri Ramachandra University and Dr S Ramaswami, Director General, Central Council for Research in Siddha, signed the MoU. Dr Ramaswami said two institutions will combine their facilities for joint research in Siddha formulations. V R Venkataachalam, Chancellor honoured the distinguished orator.