National Research Development Corporation (NRDC) and Council for Research in Ayurvedic Sciences (CCRAS) have inked Memorandum of Agreement (MoA) to commercialise ayurvedic medicines and technologies developed at CCRAS.
The MoA was signed by Director General of CCRAS Abhimanyu Kumar and Chairman & Managing Director of NRDC H Purushotham.
The scope of MoA also includes providing Intellectual Property Rights services to CCRAS in India and abroad.
NRDC already has played key role in transferring more than 10 technologies developed at CCRAS to more than 50 entrepreneurs and industry. It had helped both the organisations to earn a substantial amount of revenue.
CCRAS is an apex Body in India constituted for the formulation, development, co-ordination and promotion of research in Ayurveda on scientific lines. It is an autonomous organisation under the AYUSH Department of Union Ministry of Health and Family Welfare.
While, NDRC functions and operates under the ageis of Uinion Ministry of Science and Technology.
At present, Ayurvedic Medicines commercialised by NRDC and developed by CCRAS are available to the public for the treatment of different diseases at an affordable price.