REGULATION OF BIO-PROSPECTING AND RELATED INTELLECTUAL PROPERTY RIGHTS IN INDIA

Abstract Biological resources and related traditional knowledge are known for possessing great commercial value. They are being utilized by large organizations and corporations to their personal commercial interests by obtaining exclusive access to bio resources. This exploitation by corporate giants has led to the denial of benefits to the rightful holders of such knowledge and resources. This brings to the forefront the terms like „bio-prospect‟, „bio-research‟ and „bioutilization‟ and raises questions regarding their regulation.