Available online 15 June 2015
Review
Medicinal and aromatic plants: Boon for enterprise development
Highlights
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- Potential in medicinal and aromatic plants is reviewed for developing an enterprise.
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- Ample opportunities are envisaged in medicinal and aromatic plants-based enterprise.
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- MAPs sector consists of different segments, including cultivation and marketing.
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- Each segment on its own has potential for developing an exclusive enterprise.
Abstract
Medicinal
and aromatic plants (MAPs) have been recognized as an important
resource for health care and perfumery since antiquity. At present,
there is a vast scope for enterprise development in this natural
resource. The wealth of knowledge on the use of MAPs and different
stages of MAPs sector, including collection, cultivation, processing,
marketing, value addition and manufacturing, each stage on its own forms
a base for an exclusive enterprise. Realizing the enormous potential
for building up entrepreneurship in the MAPs sector, the present paper
aims to review and discuss the ways and areas of concerns for MAPs-based
enterprise development, including certification, value addition,
marketing and policy frameworks.
Keywords
- Enterprise development;
- Medicinal and aromatic plants;
- Poverty reduction;
- Certification;
- Law and policy;
- Value addition;
- Training and extension
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