A Study on Need for Legal Protection to Traditional Knowledge

Adarsha M.N; Dr.A.Mohanram

Volume : VI, Issue : IV, April - 2016

A Study on Need for Legal Protection to Traditional Knowledge

Adarsha M. N, Dr. A. Mohanram

Abstract :

The concept of Traditional Knowledge protection is one of the most neglected area by the Law makers. Majority of the Traditional Knowledge Holders are either Indigenous people or illiterate villagers, they are not aware of the importance of its protection and also the legal rights of them on that knowledge. Hence it has been misused by many of the Multinational Companies and also developed countries by illegally acquiring the knowledge from real holders without any consideration and minting the money by producing the medicinal product in the market. This can be stopped by introducing a strong legislation in protection of traditional knowledge and recognizing the real people involved in it. Many countries are came out with their own laws in it but India which is the treasure of Biological diversity and Versatility in Traditional knowledge still lacking in this aspect.