What is biopiracy? Give one example.

Biopiracy is the use of the biological resources or traditional knowledge of a country or community by others, usually a company or an institution in a developed country, without authorisation or fair compensation. The patents granted abroad on the wound-healing properties of turmeric and on basmati rice were contested by India on this ground.

No citable source has been recorded for this record. Treat it as practice material, not as fact.

Explanation

The Indian Parliament amended the patent law to prevent such claims.