Innovative Farmer Institutions and Market Imperfections: New Opportunities and Challenges for the Ayurvedic Sector and Small-Scale Enterprises in India
August 24, 2012 Editor 0
The herbal sector, as it is currently structured, is unable to improve the living standards of the underprivileged communities, who are the gatherers of the medicinal plants, The role of grass-roots organisations and rural networks to reduce transaction costs and enhance market coordination, has been object of study in different sectors but there is a gap in the literature in the herbal sector.
The article portraits the supply relations in the medicinal plant market and suggests to promote medicinal plant enterprises such as Gram Mooligai Company Limited (GMCL), the first community based enterprise active in the herbal sector. Lessons to promote a more equitable sharing of benefits in the sector, to reform the supply chain and to promote new forms of partnership between ayurvedic firms and communities are discussed.
Subscribe to our stories
- Prize-winning projects promote healthier eating, smarter crop investments June 28, 2018
- Reliable energy for all June 28, 2018
- Making marble from bottles: plastic waste’s second life in Kenya June 28, 2018
- A regional enterprise to commercialize an integrated technology for waste water treatment and biowaste conversion in eastern Africa May 27, 2018
- Dr Peggy Oti-Boateng May 27, 2018