The lead institution underlined the role of intellectual property o the Sustainable Development Goals (SDGs), particularly SDG 2 relating to genetics resources and their impact on developing countries.

It also highlighted the risks of biopiracy, where genetic resources are exploited without consent or benefit-sharing agreements, leading to marginalization of indigenous communities and increasing inequalities.

Dr Kavita Chalakkal, Assistant Professor at the Inter-University Center for IP Studies, Cochin University of Science and Technology (CUSAT), says developing countries rich in biodiversity and traditional knowledge often face challenges in benefiting from their genetic resources due to disparity. Have to face. Power dynamics and inadequate legal frameworks.

"Indigenous peoples and local communities have a long history of managing the genetic resources that are essential to sustaining their livelihoods. About 75 percent of the world's population depends on plant-based traditional remedies for primary health care. Indigenous People, including smallholders, fishermen and forest dwellers should be given a fair share in the economic, medical or social benefits accruing from the use of their traditional knowledge or practices,” he said.

CMFRI Director Dr. A. Gopalakrishnan said effectively using intellectual property frameworks allows us to harness the full potential of innovation to tackle complex global challenges such as poverty, inequality, climate change and health care access.