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In a first-of-its-kind order, the Uttarakhand High Court has directed a company run by yoga guru Ramdev to share a percentage of its profits with local farmers and communities.
The high court gave the order while rejecting a petition of Divya Pharmacy against the Uttarakhand Biodiversity Board (UBB) and upholding the provisions of fair and equitable benefit-sharing as provided under the Biological Diversity Act, 2002.
The bench of Justice Sudhanshu Dhulia held that it was a fact that biological resources constitute the main ingredient and raw materials in the manufacture of ayurvedic and nutraceutical products. It ordered the pharmacy to share ₹2 crore out of its ₹421-crore profit with the farmers of the raw product.
www.nationalheraldindia.com
The high court gave the order while rejecting a petition of Divya Pharmacy against the Uttarakhand Biodiversity Board (UBB) and upholding the provisions of fair and equitable benefit-sharing as provided under the Biological Diversity Act, 2002.
The bench of Justice Sudhanshu Dhulia held that it was a fact that biological resources constitute the main ingredient and raw materials in the manufacture of ayurvedic and nutraceutical products. It ordered the pharmacy to share ₹2 crore out of its ₹421-crore profit with the farmers of the raw product.
Uttarakhand HC orders Ramdev company to share profits with locals
The Uttarakhand High Court has directed a company run by yoga guru Ramdev to share a percentage of its profits with local farmers and communities. The high court rejected a petition of Divya Pharmacy against the Uttarakhand Biodiversity Board (UBB)
www.nationalheraldindia.com
