The world is moving towards Bio-Economy as a foundation to solve crises, and climate change, address food and nutrition problems, and push innovations to create a healthy world. Ayudyog is aimed toward the development of sustainable technologies to ensure quality value chains to accelerate the bio-economy. Our aim is to develop quality control and management systems technologies based on artificial intelligence, machine learning, the Internet of things, computer vision, spectroscopy for enhanced efficiency, productivity, and cost-effectiveness in the areas of product and service to solve quality control of natural products, food, and nutritional security, pharmaceuticals, feeds, chemicals agriculture; affordable health care and wellness; environmental safety; clean energy, biofuel, and bio-manufacturing technology. Our aim is to be a part of the journey to make India a $100 billion bio-economy by 2025. We understand that a holistic approach with continuous innovation is important in developing a bio-economy that is based on the principles of affordability, accessibility, and sustainability.
Bioeconomy covers all sectors and systems that rely on biological resources (animals, plants, micro-organisms and derived biomass, including organic waste), their functions, and principles. It includes and interlinks land and marine ecosystems and the services they provide; all primary production sectors that use and produce biological resources (agriculture, forestry, fisheries, and aquaculture); and all economic and industrial sectors that use biological resources and processes to produce food, feed, bio-based products, energy, and services. Bioeconomy of natural resources in general and as is practiced in traditional knowledge systems like Ayurveda with respect to the usage of animals or plants could be the ultimate key, which can ensure sustainable biodiversity, economic development along with healthcare. India is endowed with 15 agro-climatic zones and 17000-18000 species of flowering plants. Out of which 6000-7000 are estimated to have medicinal usage in folk and Ayurveda-like documented systems of medicine. There are about 960 species of medicinal plants which are estimated to be in the trade. 178 species of them have annual consumption levels more than 100 metric tons. Cultivation and conservation of medicinal plants through the development of sustainable quality management strategies is an absolute requirement. In India, the total export value of Ayurvedic and herbal products amounted to $ 446 million (Mn) in the 2019 fi scal year, marking a consistent increase in the total value of exports since FY 2015. Agriculture and allied sectors, of which Ayurvedic and herbal products are a part, contributed to about 8.6 percent of India’s total exports. Market Research Future States that Global Herbal Medicine Market is estimated to reach USD 1,29,689.3 Million by 2023 global herbal medicine market is expected to reach a valuation of USD 411.2 billion by the year 2026. In 2017, the global Ayurvedic market was valued at $ 4.57 Bn and by 2026, it is expected to reach $ 14.62 Bn, growing at a CAGR of 16.14 percent throughout the forecast period. We aim to develop a rapid, non-destructive, eco-friendly, in-situ technology to evaluate quality, safety and ensure digital traceability throughout the value chain from farm to fork or farm to pharma. This disruption will be an indigenous technology that can disrupt the quality control sector creating much employment and wealth. Our technology has a global market size that is expected to reach USD 437.3 Million in 2028 and register a CAGR of 6.2%. The status of the bio-Agri sector stands at 11 billion$ in India in 2018 which can be promoted by producing high-tech agricultural products that are high yielding & environmentally sustainable. Using data from USDA, the US DOE, ABF Economics, and Market Line, BIO estimates the direct value of the U.S. biobased economy at $205 billion, generating 1.665 million jobs. Every direct job creates additional employment and economic opportunities, so the overall impact is $505 billion and 4.63 million jobs.