Biodiversity

Biodiversity laws regulate the access and sustainable use of biological resources and associated traditional knowledge. In India, the Biological Diversity Act, 2002 governs the use of plants, animals, and microorganisms for commercial, industrial, or research purposes. These laws aim to ensure conservation of natural resources while promoting fair benefit-sharing with local and indigenous communities who have preserved this knowledge for generations. With increasing use of biodiversity in industries like pharmaceuticals, agriculture, and biotechnology, compliance with biodiversity regulations has become essential. Proper management not only avoids legal risks but also fosters ethical practices and sustainable growth.

Benefits:

Ensures compliance with national biodiversity laws and policies.
Protects indigenous communities and their traditional knowledge.
Promotes equitable benefit-sharing arrangements.
Encourages responsible and sustainable use of natural resources.
Builds credibility and trust for businesses in global markets.

Duration:

The validity of approvals and agreements under biodiversity law is project-specific, based on the conditions set by regulatory authorities.

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