ANALYSIS OF BIODIVERSITY ACT AND ITS IMPACT ON IPR

Abstract

Biodiversity is the cornerstone of life on earth. Sustainable development is very much the backbone. The current Intellectual Property Rights regime focuses on encouraging promotion of seed growth and development, monoculture protection of new varieties, protection of plant varieties, micro-organisms, and genetically modified organisms. As a result, our rich biogenetic diversity is eroding. We need to find a way to create an alternative approach that will balance the formal system of Intellectual Property with sustainable biodiversity.