Abstract
Recent years have witnessed a rise in sensitivity towards protection of natural genetic resources and the environment at the international level. This is evident from the implementation of the convention on biodiversity (CBD). To conserve and optimize utilization of its bioresources, India enacted the Biological Diversity Act 2002. The conservation and management of aquatic resources is important for sustainable utilization of fisheries potential for the economic advancement of farmers and fishery workers, today as well as for posterity. As the biotechnological and genomic revolutions are ready to take off, the sovereign rights of native inhabitants to intellectual property rights (IPR) related to aquatic genetic resources and associated traditional knowledge are also integral components of management strategies for genetic resources.
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