What is biopiracy?
State the initiative taken by the Indian Parliament against it.
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Biopiracy refers to the use of bio-resources by multinational companies and other organisations without proper authorisation from the concerned countries and people.
The Indian Parliament has cleared a second Amendment of Indian Patents Bill as a initiative step against biopiracy. This bill consider issues including patent terms, emergency provisions as well as research and development initiative.
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Bio-piracy is defined as the illegal removal of biological material of a country by organisations or multinational companies without proper authorisation from the concerned countries.
The Indian Parliament has recently passed the second amendment to the Indian Patents Act (1970) that takes action against bio-piracy.
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