Institutional Arrangements for Conserving and Promoting Medicinal Plants Diversity and Augmenting Contemporary and Traditional Knowledge: Perspectives on Intellectual Property Rights and Sui Generis Systems
Introduction India, with approximately eight percent of world’s biodiversity, has the potential of becoming a major global player in screening and developing herb-based formulations, medicines and products. About 4300 plant species are said to exist in India of which 7500 plant species find mention in the recorded folklore of India. Of these only 1700 have…