Biodiversity act, 2002 was enacted to achieve the objectives of
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The Biological Diversity Act, 2002 is an Act of the Parliament of India for preservation of biological diversity in India, and provides mechanism for equitable sharing of benefits arising out of the use of traditional biological resources and knowledge. The Act was enacted to meet the obligations under Convention on Biological Diversity (CBD), to which India is a party.
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The Biodiversity Act of 2002 is an act of Indian Parliament that was enacted to meet the request of Convention of Biological Diversity, a multilateral treaty which has India as a part of it.
The main objective of the Act is to conserve the verity and variability of life on Earth. This act also request the sharing of benefits that obtained from the biological resources under following manner
- Transfer of technology
- Payment of production and non-monetary compensation
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