vIndianz.com (Sept. 22, 2009) — Ayurvedic and Medical Tourism industries will also be one of the beneficiaries of 2010 Commonwealth Games as these are expected to fetch them over Rs. 800 crore of revenue during the event, according to ASSOCHAM.
According to Associated Chambers of Commerce and Industry of India (ASSOCHAM), domestic ayurvedic industry market which is currently estimated at Rs.3000 crore will go up to over Rs. 5000 crore in next 2 years in view of rising demand for ayurvedic therapy and products.
It has been predicted that ayurvedic industry would alone earn a business of Rs. 500 crore and revenues prospects for medical tourism are predicted for estimated amount of Rs. 300 crore.
The major hospital chains in Delhi, NCR and Northern Region as also ayurvedic/spa centres are gearing up to attract large number of visitors and generate maximum revenue.
States like Uttarakhand, Himachal Pradesh and even UP, ayurveda/spa and medical tourism centres will also contribute in its growth, which is currently dominated by Kerala and Karnataka, feels the Chamber.
The job opportunities that would arise for professionals of these two promising industries are projected for 40,000 people, said Mr. D S Rawat, ASSOCHAM Secretary General.
That estimates are based on the assumption that over 1800 athlete participation would be bare minimum for 2010 CWG in variety of sporting disciplines and tourist arrivals for the people is projected for 6-7 lakh overseas visitors.
The Chamber estimates reveal that each foreigner visiting India during CWG is likely to spend Rs.10,000 to Rs.35,000/- in availing ayurvedic expertise in various spa and herbal centers.
While, the medical tourism spending will be higher between Rs. 40,000-Rs.1,20,000 in view of cardiac surgery, bone marrow transplant, etc., bulk of tourists will spend in ayurveda and related treatments, said Mr. Rawat.
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