India, July 22 -- The Government of India has issued a release:
The National Biodiversity Authority (NBA) has released Rs 6.67 crore under the Access and Benefit Sharing (ABS) mechanism to support biodiversity conservation, sustainable utilisation of biological resources and livelihood enhancement in 11 cotton-growing States. The disbursement demonstrates how benefits derived from the commercial utilisation of biological resources are being reinvested in biodiversity conservation and community welfare under the Biological Diversity Act.
The benefit-sharing amount of Rs 7.62 crore has been realised from M/s Bayer Science & Innovation Pvt. Ltd. (formerly Monsanto Holdings Pvt. Ltd.) for research involving 25,431 cotton (Gossypium hirsutum) ...