What is MNC

Bio-piracy indicates unauthorized use of bio-resources of a country either by the individuals or institutions or companies of other countries. The countries with enormous bio-resources, like India, become the victims of biopiracy. The paper highlights different issues relating to biopiracy in the context of food security of India. It has been argued that the distress of farmers has increased a lot after the emergence of GM seeds. First of all, GM seeds raise the cost of cultivation by monopolizing the seed business in the hands of a few. Secondly, taking monopoly control over the market by the MNCs became easier because technology allowed them to develop seeds which can be used once-for-all. The farmers, therefore, have to give up their traditional practice of saving and sharing of seeds. The paper cites various instances of biopiracy in India and explains how biopiracy jeopardizes the food security and health security of the people in India. Events of piracy of plants with medicinal values and medicinal knowledge of traditional healers are also on increase at a rapid pace in India. This trend also poses challenges health security of India. More initiatives need to be taken at different levels including government and NGOs need to be taken in documenting codified and non-codified traditional knowledge (TK).