header logo
Mogo Academy
Latest
VAT exemptions for Ayurvedic products, medicines aims to reduce healthcare costs - State Minister
Jan 05, 202412:32 PM
VAT exemptions for Ayurvedic products, medicines aims to reduce healthcare costs - State Minister
Mobitel Inner

The State Minister of Indigenous Medicine, Sisira Jayakody announced on Thursday (Jan.04) that athe government has taken a significant step towards reducing healthcare costs by exempting Ayurvedic products, medicines and industries-related to indigenous medicine from Value Added Tax (VAT).

 

The decision aims to make traditional medicine more accessible to the public, he explained.

 

Additionally, the State Minister mentioned that the cabinet has granted approval for the establishment of a special bureau dedicated to addressing issues affecting native doctors and ensuring the sustainability of the indigenous medicine system.

 

Speaking at a media briefing held at the Presidential Media Centre (PMC), Jayakody highlighted the Ayurveda Corporation’s plan to introduce Ayurvedic healing centers, known as “Body Mantras”, as part of a transformative change in the field of indigenous medicine.

 


State Minister Sisira Jayakody further commented:

 

“Significant strides have been made in the realm of indigenous medicine, with the government opting to exempt Ayurvedic products, medicines and related industries from VAT. This decision aims to reduce healthcare costs.

 

“The Cabinet has approved the establishment of a specialized bureau dedicated to preserving traditional medicine. Operating under the Ministry of Indigenous Medicine, this bureau is tasked with addressing issues affecting traditional medicine until a formal institution is established. Its objectives include granting proper recognition to registered and unregistered native doctors, conducting studies on the medical system, developing an appropriate framework and collecting information about the profession.

 

“Following discussions, it has been recommended to the Cabinet to approve the establishment of a unit to safeguard traditional medicine, as outlined in Paragraph 03.1 of the Cabinet Memorandum, without being a burden to the Treasury.

 

“The Ayurveda Corporation is introducing Ayurvedic health care centers, known as “Body Mantra”, to the local medical field, with the aim of bringing transformative change to indigenous medicine. The establishment of physical healthcare services, supervised by graduate-trained massage therapists, will be implemented through Ayurvedic healthcare centers. This initiative extends both domestically and internationally and organizations in the hotel and tourism industry in the country are invited to register, with a newspaper advertisement set for release on the 10th of this month.

 

“By the end of this year, efforts are underway to elevate the production and cultivation of indigenous medicines to a commercial industry level. Traditionally at a subsistence level, the focus now shifts to commercial cultivation, with plans to cultivate Long pepper (Thippili) plants alongside paddy cultivation. Long pepper plants can be harvested for four seasons, offering a significant economic advantage over traditional methods. The goal is not only to enhance domestic production but also to generate raw materials locally.

 

“The “Suwa Daruwo” program aims to provide a robust and advanced education for government employees involved in the indigenous medical field. Additionally, efforts are directed towards empowering “Ayurveda councils. In the coming months, arrangements are being made to organize a program awarding the “Presidential Gold Awards” to indigenous pharmaceutical manufacturers and individuals contributing to the field.”

 

 

 

MostRead
Mobitel Upahara
VideoStories
Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

 Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

 12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Farmers raise concerns over unopened govt paddy warehouses

Farmers raise concerns over unopened govt paddy warehouses

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

“Democracy must be defended from elected leaders” - Former BASL President

“Democracy must be defended from elected leaders” - Former BASL President

Lassana Flora