Write a note on Biopiraey with reference to'Basmati Rice'.

Explanation

Biopiracy is a situation. where indigenous knowledge of nature, originating with indigenous people, is used by others for profit without permission or no compensation, Basmati rice is distinct for its unique aroma and flavour and 27 documented varieties of Basmati are grows in India. In 1997, an American company got patent rights on Basmati rice through the US patent and trade mark office. The company was allowed to sell a .new. variety of Basmati which was actually derived from Indian farmer.s varieties.