Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
