On 3 August 2023, India introduced significant changes to its Biological Diversity Act (BDA) 2002 through the Biological Diversity (Amendment) Act 2023 (the amended Act).
Originating from the United Nations Convention on Biological Diversity signed in Rio de Janeiro, the BDA aims to ensure the conservation and sustainable use of India’s biological resources. It also establishes a framework for fair and equitable sharing of benefits derived from the use of these resources. Over the years, both local and international organisations have grappled with complexities and obligations laid down by the BDA. The recent amendments, therefore, aim to provide clarity, particularly benefiting Indian enterprises.